Inflation spikes in May as prices jump at fastest annual clip since 2008, squeezing consumers as economy reopens
Martin CrutsingerComments Off on Inflation spikes in May as prices jump at fastest annual clip since 2008, squeezing consumers as economy reopens
Consumer prices surged 0.6% in May and 5% from a year earlier, the fastest annual rise in 13 years. The jump is squeezing consumers as the economy reopens.