Inflation in the US registered in May the highest since August 2008

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La inflación en EE.UU registra en mayo el máximo desde agosto de 2008

Inflation in the US last month experienced an unprecedented rise in recent years. 12 years, ha informed this Wednesday the Department of Labor.

The Consumer Price Index (CPI), which measures a basket of goods, as well as energy and housing costs, rose by 5 % compared to the previous year, and a 0,6 % compared to the previous month, exceeding the expectations of economists. This is the steepest year-on-year increase since the 5.4% increase in August 2008.

In April, annualized inflation stood at 4.2%, while since the previous month prices rose 0.8%, according to previous data from the Labor Department’s Bureau of Labor Statistics.

The prices of the used cars and trucks, which are considered a key indicator of inflation, rose by 29,7 %, including an increase in 7,3 % only in May. Meanwhile, the transport services they became more expensive a 11,2 % y-o-y and a 1,5 % monthly. The prices of Energy, although they did not rise in May, they are a 28,5 % higher than the previous year.

The CPI excluding food and energy increased 0.7% in May, growing 3.8% from the previous year, a maximum since June 1992.

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