- US Consumer Prices Reaccelerate In May, Highest Since 1981
by Tyler Durden, https://www.zerohedge.com/
Having briefly slowed its inexorable rise in April – offering reawakened hope for the ‘transitory’ or ‘peak’ inflation camp – consumer prices were expected to continue accelerated in May (as energy costs soared). Consumer prices rose by a far larger than expected 1.0% MoM (significantly higher than the +0.3% MoM in April and the +0.7% Exp). That sent the YoY CPI to +8.6% – a new cycle high…
Headline CPI pushed to its highest since 1981 and has now risen for 24 straight months.
Core CPI offered no respite as it soars 6.0% YoY (worse than the +5.9% YoY exp)…