Prices on goods and services have hit 4 months in a row
now of increasing. The consumer price index revealed numerous categories increasing.
The consumer-price index has now risen for four straight months after falling from November through January.
Thursday’s report showed shelter prices and the medical-care index both rose 0.2% in May. The personal-care index rose 0.3%
Airline fares, which had declined in five of the prior six months, rose sharply in May, increasing 5.7%.
Fuel prices are surging and shows how weak and volatile the US dollar is. With crude sitting around $60 dollar a barrel, gasoline prices are edging towards $3/gallon in certain spots.
Energy prices rose 4.3% last month, but are still down 16.3% from a year earlier. Gasoline prices were up 10.4% on a seasonally adjusted basis in May, the largest monthly gain since June 2009.
H/T MorningStar.com for the numbers.