US Inflation in May Surges, Annual Inflation Rate at 2.1%

United States inflation rose sharply in May for the second straight month and the annual inflation rate logged in with the biggest increase in 18 months.

Gains were "broad-based," the US Labor Department reported Tuesday, June 17, led by steeper prices that American consumers paid for energy and food. Continue reading US Inflation in May Surges, Annual Inflation Rate at 2.1%