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.
If you liked it, share it with your friends!