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Consumer inflation rising at fastest pace in 6 years, CPI shows
Tuesday, 12 June 2018 19:48 WIB | ECONOMY |Indeks harga konsumen ASCPI Amerika

A measure that tracks consumer prices shows the cost of living is increasing at the fastest pace in six years, reflecting a strong U.S. economy and ultra-tight labor market that™s stoking inflation.

The consumer price index increased 0.2% in May, the government said Tuesday. That was in line with Wall Street™s forecast.

The consumer price index has risen 2.8% in the past 12 months, up from 2.5% in April. That™s the highest level since early 2012.

The yearly increase in the core rate edged up to 2.2%.

Source: Marketwatch

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