June 10, 2022 WASHINGTON (AP) — The costs of gas, food and other necessities jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs.
Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.
On a month-to-month basis, prices jumped 1% from April to May, a steep rise from the 0.3% increase from March to April.
You should read the entire article here: U.S. inflation hit a new 40-year high last month of 8.6% - Los Angeles Times (latimes.com)
