BREAKING: Monthly Inflation AGAIN Passes Economists’ Expectations, Highest Annual Rate In More Than 12 Years

The Consumer Price Index (CPI), a measure of U.S. economic inflation, continued climbing quickly in May, surpassing economists’ expectations for another month.

CPI rose 0.6% in May, according to Department of Labor data released Thursday, bringing the annual CPI increase to 5%, well over the 4.7% predicted by economists interviewed by The Wall Street Journal. Core CPI, a measure of consumer good prices minus the more volatile indexes for food and energy, rose 0.7% in May after a 0.9% jump in April.