Summary List Placement
The Labor Department released its monthly Consumer Price Index (CPI) data on Thursday, revealing a 5% jump in headline consumer prices year-over-year in May, the fastest pace of increase since August 2008.
That came in above the consensus economist estimate of 4.7%.
Core CPI, which excludes volatile food and energy prices, rose a more modest 3.8% year-over-year in May but still increased 0.7% month-over-month.
Both figures fanned the flames of an already raging debate among economists and market watchers about the nature of current inflationary trends.
BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com