Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

US consumer prices rise 0.4 per cent in May, biggest increase in 15 months, with food costs up

In this Wednesday, June 4, 2014 photo, Marty Mascio, of Pembroke Pines, Fla., pumps gasoline into his car at a Chevron gasoline station in Pembroke Pines, Fla. The Labor Department reports on U.S. consumer prices in May on Tuesday, June 17, 2014. (AP Photo/Wilfredo Lee)

Enlarge Image

In this Wednesday, June 4, 2014 photo, Marty Mascio, of Pembroke Pines, Fla., pumps gasoline into his car at a Chevron gasoline station in Pembroke Pines, Fla. The Labor Department reports on U.S. consumer prices in May on Tuesday, June 17, 2014. (AP Photo/Wilfredo Lee)

WASHINGTON - U.S. consumer prices increased in May by the largest amount in more than a year as the cost of food and gasoline showed big gains and airline fares jumped by the largest amount in 15 years.

The Labor Department says its consumer price index rose 0.4 per cent in May, the biggest one-month jump since a 0.6 per cent increase in February 2013.

Over the past 12 months, consumer prices are up 2.1 per cent. While that was the biggest 12-month price change since October 2012, it still left prices rising at a modest pace near the Federal Reserve's 2 per cent target.

Excluding volatile food and energy, core inflation was up 0.3 per cent in May, the biggest one-month gain since August 2011. Over the past 12 months, core prices are up 2 per cent.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
Sudden Surge: Flood of 2014
Opportunity Magazine — The Bakken
Why Not Minot?
Welcome to Winnipeg

Social Media

Canadian Mortgage Rates