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There was a 0.6% increase in prices over April and 5% over the past year, the biggest 12-month inflation spike since 2008.
Inflation data shows that consumer prices went up 4.2% year over year — the most since 2008.
The rise in inflation over the past year is at its fastest rate in more than a decade.
Everything that goes into a building project, from diesel fuel to plastics to gypsum for drywall, is getting more expensive.
The gains are largely expected to be a temporary blip rather than a reawakening of dormant inflation.
For things like groceries and gasoline, prices are actually up.
How prices of many basic goods and services change usually tells us a lot about where the economy is headed.
With the lowest unemployment rate in 50 years, wages — and prices — should be rising faster than they are.
A look at consumer prices as our listeners get ready for summer.
Month-to-month price fluctuations make it difficult for the Bureau of Labor Statistics to measure inflation accurately.
