U.S. inflation stirring as energy-driven price plunge ebbs

June 18, 2015 6:36 PM

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WASHINGTON U.S. consumer prices in May recorded their largest increase in more than two years as gasoline prices surged, suggesting the drag on inflation from lower oil prices was fading.

Other data on Thursday showed the economy was regaining momentum after stumbling in the first quarter. The number of Americans filing new applications for unemployment benefits fell last week to a near 15-year low and factory activity in the mid-Atlantic region accelerated to a six-month high in Jun...

Also read: Orders for U.S. Capital Goods Decline by Most Since February

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