NewsWars | Jun 11, 2021 | 0
Inflation Surges 5%, Largest Spike Since 2008
The Consumer Price Index has increased 5% over the last 12 months, the fastest inflation in prices since August 2008, according to a Department of Labor report.
The Consumer Price Index (CPI), a common tool used to measure inflation, increased 0.6% between April and May, according to the Labor Department report released Thursday morning. Economists projected that the CPI increased by 0.5% and 4.7% over the 12-month period ending in May, according to The Wall Street Journal.
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