U.S. Consumer Prices Rise, Pointing To Firming Inflation Pressures

Now watching

Next video starts in : 7 Play

U.S. Consumer Prices Rise, Pointing To Firming Inflation Pressures

U.S. Consumer Prices Rise, Pointing To Firming Inflation Pressures
Replay video
Up next

JoJo Reveals She's Pregnant...but It's Not What You Think!

Unlock your personal NFL Now stream by signing in to NFL.com

U.S. Consumer Prices Rise, Pointing To Firming Inflation Pressures

by Wochit 0:44 mins

U.S. Consumer Prices Rise, Pointing To Firming Inflation Pressures

by Wochit 0:44 mins

U.S. consumer prices recorded their largest increase in more than a year in May as costs for a range of goods and services rose, pointing to a steady firming of inflation pressures. The Labor Department said on Tuesday its Consumer Price Index increased 0.4 percent last month, with food prices posting their biggest rise since August 2011. Still, the main inflation gauge watched by the Fed continues to run below the U.S. central bank's 2 percent target. Last month's increase in consumer prices was the largest since February 2013 and above economists' expectations for a 0.2 percent gain.

Wochit

Must Watch

  1. 3:08

  2. 2:02

    Bank Robber Caught While Filming Movie

  3. 1:49

    ‘Key & Peele’ Present A World Where Teachers Are Valued Like Athletes

  4. 1:12

    Local News Reporter Hilariously Startled By Video Bomber

  5. 1:30

    Celebrate Good Times: 'Happy Birthday' Song Might Belong to All Of Us

  6. 1:57

    Drunk Ron Weasley 'Celebrates' Harry Potter's Birthday

Other Space

  1. 27:05

    Other Space Episode 1: Into the Great Beyond...Beyond

  2. 25:20

    Other Space Episode 2: Getting to Know You

  3. 25:51

    Other Space Episode 3: The Death of A.R.T.

  4. 25:46

    Other Space Episode 4: Ted Talks

  5. 26:44

    Other Space Episode 5: Trouble's Brewing

  6. 27:02

    Other Space Episode 6: Powerless

Other Space

  1. 27:05

    Other Space Episode 1: Into the Great Beyond...Beyond

  2. 25:20

    Other Space Episode 2: Getting to Know You

  3. 25:51

    Other Space Episode 3: The Death of A.R.T.

  4. 25:46

    Other Space Episode 4: Ted Talks

  5. 26:44

    Other Space Episode 5: Trouble's Brewing

  6. 27:02

    Other Space Episode 6: Powerless