US May consumer prices up 0.6 percent

[Lone_Star_Dem]

Source: Reuters

United States - WASHINGTON, June 13 (Reuters) - Soaring gasoline and energy prices helped drive up U.S. consumer prices during May by the fastest rate since November, a government report on Friday showed.

The 0.6 percent rise in May prices was more than the 0.5 percent gain Wall Street analysts polled by Reuters were expecting after a 0.2 percent increase in April.

So-called core prices, which exclude volatile food and energy, were up 0.2 percent as expected, the Labor Department report showed.

Energy prices surged 4.4 percent during the month, the biggest rise since November, after holding steady in April. That was driven by a 5.7 percent spike in gasoline prices during the month, also the biggest rise since November.
06.13.08, 8:31 AM ET



Read more: http://www.forbes.com/reuters/feeds/reuters/2008/06/13/2008-06-13T123144Z_01_N12334215_RTRIDST_0_USA-ECONOMY-PRICES-URGENT.html

[MadHound]

1. And frankly if they measured the CPI like they did thirty years ago

We would probably find that inflation actually rose around three percent in May. But ever since the Reagan era our government has increasingly engaged in Enron style accounting practices in order to keep people from truly realizing how bad they're getting screwed.

[CountAllVotes]

2. such a pack of lies!

how can they possibly claim it is so low. Prices on everything have gone through the roof! :mad:

:kick: