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
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.