Inflation Surges in May

w200-26d7e93b72b231d9ca51964c579db75e.jpg?width=110 The Consumer Price Index rose to 2.1 percent for the year ending in May, the Bureau of Labor...

Consumer prices increased quickly in May, in the latest sign that inflation is finally rising to normal levels after three years of disinflation and efforts by the Federal Reserve to ease the money supply and expand credit to reverse the trend.

The Consumer Price Index rose to 2.1 percent for the year ending in May, the Bureau of Labor Statistics reported Tuesday morning. Prices increased 0.4 percent during the month, adjusting for seasonal variation, twice as fast as analysts expected.


While the increase in prices was led by the rising costs of food, electricity and gasoline, the gains were broad-based. Core inflation, a less volatile index of price changes that strips out food and energy costs, was up 1.8 percent for the year. The 0.3 percent increase of seasonally adjusted core prices in May was the largest since August 2011.

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  • Thanks Laura, but I lived it:  60s, 70s, on up until today. 

    This, indeed, is good information for those who did not.

  • Yes, sadly that's probably how we'll get the rest of the way out of economic "slump".  Inflate our way out and when we, the people, complain, we'll be told it's "transitory".  Fact is there's been inflation for years.  Packaging has become smaller, small cereal boxes, small bags of chips, 2 liter bottles are being (slowly) replaced with 1 liter and 8oz...............all at the same price.  It's so nice (sarcasm) that the Fed doesn't include food and energy in their inflation estimates.  You'll also notice prices rise *just as* more and more states raise their minimum wage.  No coincidence there.  If you really want to get depressed, check out the prices here http://912communique.ning.com/profiles/blogs/let-s-return-to-1960 Frown.gif

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