US inflation rose at its fastest pace for six months in May because of sharply higher energy costs.
Consumer prices rose 0.6% last month, government figures showed, the steepest monthly increase since last November.
Gasoline costs Crude oil futures pass $129 a barrel for first time ...
CzechRep to again send a reserve company to Kosovo ...
Twelve dead in Bolivian bus crash ...
US Fed cuts benchmark interest rate to 2 percent ...
Further cut in US interest rates ...
US consumer confidence crumbles ... surged by 5.7% last month, driven by the soaring global cost of oil which recently hit more than $139 a barrel.
Rising inflation is a worry for the Federal Reserve, which has cut rates aggressively to stimulate growth.
(BBC)
<< Back
