L.A. Now
Vehicles stranded, roads closed by ruptured water main near UCLA
82°

Topics

Commodity Markets
Consumer price index jumps 0.4% in May as inflation heats up
Consumer price index jumps 0.4% in May as inflation heats up

Americans paid more for just about everything last month, pushing inflation to its highest annual rate in more than 11/2 years and creating another potential obstacle for the economic recovery. The 0.4% jump in the consumer price index for May, released Tuesday by the Commerce Department, was the biggest since early last year. Still, after years of slow price growth caused by the Great Recession, the 2.1% inflation rate for the 12 months that ended in May remains a little way from the level that would spur the Federal Reserve to increase rock-bottom interest rates. ------------ FOR THE RECORD: Rising inflation: An article in the June 18 Business section about May's 0.4% jump in...

Loading