The Bureau of Labor Statistics' May Consumer Price Index (CPI) | ⚡TGK Thunders ⚡

The Bureau of Labor Statistics' May Consumer Price Index (CPI)showed a year-over-year increase of 8.6% last month, up from 8.3% in April. Economists were expecting an 8.3% increase in May, according to estimates compiled by Bloomberg.

On a month-over-month basis, the broadest measure of inflation climbed 1.0%, compared to 0.3% in April. "Core" inflation, which strips out the more volatile costs of food and gas, rose 6% over the prior year in May, more than the 5.9% that was expected.

https://www.cnbctv18.com/economy/us-inflation-hits-40-year-high-of-nearly-9-percent-13781792.htm