U.S. inflation rises to six-year high, eroding wages

Bloomberg/Katia Dmitrieva/6-12-2018

“The consumer price index rose 0.2 percent from the previous month and 2.8 percent from a year earlier, matching estimates, a Labor Department report showed Tuesday. The annual gain was the biggest since February 2012 and follows a 2.5 percent increase in April. Excluding food and energy, the core gauge was up 0.2 percent from the prior month and 2.2 percent from May 2017, also matching the median estimates of economists.”

Chart courtesy of TradingEconomics.com

 

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