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US consumer prices soar at the fastest pace since 2008 financial crisis

1 month ago   |   By RT

Consumer prices in the United States surged 5% in May from a year ago, accelerating at their fastest pace in nearly 13 years, the Labor Department said on Thursday.
The consumer price index represents a basket including food, energy, groceries, housing costs and sales across a spectrum of goods. Economists surveyed by Dow Jones had been expecting a price spike of 4.7%.
That's the biggest CPI gain since the 5.3% increase in August 2008, just before the financial crisis sent the United States into the worst recession since the Great Depression.
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Another price jump tightens the squeeze on US consumers

Another price jump tightens the squeeze on US consumers

1 month ago   |   By Review Journal

American consumers absorbed another surge in prices in May - a 0.6 percent increase over April and 5 percent over the past year, the biggest 12-month inflation spike since 2008.
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Inflation surges as consumer prices leap 5%, biggest jump since 2008

Inflation surges as consumer prices leap 5%, biggest jump since 2008

1 month ago   |   By New York Post

Inflation continued to surge in May, with consumer prices accelerating at the fastest pace in more than 12 years as the economy emerges from the pandemic, the feds said Thursday.
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Another jump in prices tightens the squeeze on US consumers

1 month ago   |   By Boston Herald

By MARTIN CRUTSINGER
WASHINGTON - American consumers absorbed another surge in prices in May - a 0.6% increase over April and 5% over the past year, the biggest 12-month inflation spike since 2008.
The May rise in consumer prices that the Labor Department reported Thursday reflected a range of goods and services now in growing demand as people increasingly shop, travel, dine out and attend entertainment events in a rapidly reopening economy.
The increased consumer appetite is bumping up against a shortage of components, from lumber and steel to chemicals and semiconductors, that supply...
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Consumer prices surged 5 percent in May, fastest pace since 2008

1 month ago   |   By NBC News

Spiking demand and limited supply in the reopening economy drove higher price increases for a second consecutive month.
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