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US inflation unexpectedly accelerates to 40-year high of 8.6%

Summary by Ground News

US inflation hit 8.6% over the past year, highest rate in 4 decades. U.S. consumer prices accelerated in May as gasoline prices hit a record high and the cost of services rose further, suggesting that the Federal Reserve could continue with its 50 basis points interest rate hikes through September to combat inflation.

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KVUE

US inflation hit a new 40-year high last month of 8.6%

On a month-to-month basis, consumer prices jumped 1% from April to May, with soaring gas prices to blame for most of that increase.

3 years ago·Austin, United States

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KTHV

US inflation hit a new 40-year high last month of 8.6%

On a month-to-month basis, consumer prices jumped 1% from April to May, with soaring gas prices to blame for most of that increase.

3 years ago

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NewsWest9

US inflation hit a new 40-year high last month of 8.6%

On a month-to-month basis, consumer prices jumped 1% from April to May, with soaring gas prices to blame for most of that increase.

3 years ago

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WTSP

US inflation hit a new 40-year high last month of 8.6%

On a month-to-month basis, consumer prices jumped 1% from April to May, with soaring gas prices to blame for most of that increase.

3 years ago·Washington, United States

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ltn.com.tw

US inflation hit a 40-year high of 8.6% in May

First published 6-10 21:14 Update time 6-11 05:52 [Financial Frequency/Comprehensive Reporting] The United States announced on the 10th that inflation in May increased by 8.6% per year, creating the largest margin since December 1981. The voice of Mimita was severely frustrated. American laborers... ...

3 years ago·Taiwan

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