Gas-price jump pushes consumer prices up 0.4 pct in May

June 19, 2015 7:04 AM

58 0

Consumer prices increased in May by the largest amount in more than two years, reflecting the biggest one-month jump in gas prices in nearly six years. But outside of energy, price pressures remained modest.

The consumer price index rose 0.4 percent in May, the biggest advance since February 2013, the Labor Department reported Thursday. The increase was driven by a 10.4 percent rise in the cost of gasoline, which has started climbing after nearly a year of falling energy prices.

Also read: Murdoch Pounces on Sky as Lower Pound Makes Takeover Cheaper

Read more

To category page

Loading...