The U.S. annual inflation rate surged to 8.6 percent in May, topping the market estimate of 8.3 percent. According to data from the Bureau of Labor Statistics (BLS), the consumer price index (CPI) rose 1 percent on a month-over-month basis. Key drivers of inflation such as food, energy, and housing showed no signs of slowing […]
Source: Inflation Rises 8.6%: Highest Since 1981 — Consumer Sentiment Record Low