Consumer Price Index Rose 0.4% in May, Core Inflation was up 0.3%

Wholesale prices had surged by 0.2% in May and an even worse 0.9% percent in April, the biggest increase in seven months, reflecting a huge jump in energy costs.

The Labor Department reports that Consumer Price Index (CPI) posted a 0.4% increase in May. Core inflation, which excludes energy and food prices, rose by a larger-than-expected 0.3%. 

During the first five months of 2006, the CPI rose at a 5.2% seasonally adjusted annual rate (SAAR). This compares with an increase of 3.4% for all of 2005. The index for energy, which rose 17.1% in 2005, advanced at a 30.8% SAAR in the first five months of 2006.


Previous: « EBay signs up 200 millionth online auction member

Next : » The U.S. office furniture industry reached $12 billion in 2005

  ABOUT    CONTACT Metrics 2.0 RSS Feeds RSS   Metrics 2.0 Widgets for your site or blog WIDGETS   ARCHIVES

Enter Email for Daily Feed Delivery: