US consumer price index rises 5% in May, fastest in 13 years

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US consumer price index rises 5% in May, fastest in 13 years

timestampJun 10, 2021 authorAlShorts Web Desk

The US Labor Department said the consumer price index, which represents a basket including food, energy, groceries, and more rose 5% in May from a year ago. The jump followed a 4.2% rise for the year ended in April. US consumer prices continued to climb strongly in nearly 13 years as inflation pressures continued to build in the country’s economy.

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