May Consumer Prices Rise, Mainly Due to Higher Oil

The Consumer Price Index (CPI), a key measure of inflation, rose 0.4% in May, but just 0.1% when higher energy prices are factored out. Gas prices gained 10% last month, the Labor Department reported. Over the past year, the headline CPI is unchanged, but the core CPI is up 1.7%. Also reported Thursday morning, initial […]

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