Why consumer prices jumped in May
⚡ Quick Summary
consumers paid higher prices once again in May, with inflation at its highest level in over three years.
U.S. consumers paid higher prices once again in May, with inflation at its highest level in over three years. According to the latest report from the Bureau of Labor Statistics, consumer prices accelerated at an annual rate of 4.2%. CBS News MoneyWatch correspondent Kelly O'Grady has more.
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