Summary List Placement

Consumer prices broadly rose by more than forecast in May as rebounding demand butted heads with various supply shortages through reopening.

The consumer price index climbed by 0.6% from April to May, the Bureau of Labor Statistics said on Thursday. That landed above the median estimate of 0.4% from economists surveyed by Bloomberg. The release followed a 0.8% month-over-month jump in April, which was the largest single-month jump in prices since 2009.

The May increase came mostly from a 7.3% jump in the prices of used cars and trucks, accounting for about one-third of the seasonally details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com