US inflation accelerates to 40-year high
Jun 10th 2022 10:59am EDT
Rising gasoline, food and shelter costs drove much of the increase, data shows US inflation hit the highest level since 1981 in May, US Labor Department data showed on Friday. Consumer prices soared 8.6% in May from 12 months earlier, faster than April’s year-over-year surge of 8.3%. On a monthly basis, prices grew by 1% […]
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