WASHINGTON, D.C.: American consumers absorbed another surge in prices in May - a 0.6-percent increase over April and 5 percent over the past year, the biggest 12-month inflation spike since 2008.
The May rise in consumer prices that the Labor Department reported on Thursday (Friday in Manila) reflected a range of goods and services now in growing demand as people increasingly shop, travel, dine out and attend entertainment events in a rapidly reopening economy.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.