US Inflation Rises in May, Annual Inflation Rate at 1%

The cost of living in the United States picked up for a third straight month in May, according to a government report released on Thursday, June 16.

Increases in the prices of goods and services were again broad-based, led by energy, although US consumers did catch a bit of a break with declining food prices. In addition, inflation over the longer haul eased compared to a month earlier. Continue reading US Inflation Rises in May, Annual Inflation Rate at 1%