Inflation Rate Hits 8.6 Percent In The United States
June 10, 2022—The Consumer Price Index for U.S. goods and services inched up in May, bringing the U.S. inflation rate to 8.6 percent. Fuel prices rose 16.9 percent for the month and just over 106 percent for the year. Related goods and services like transportation and utility gas services followed with the highest increases on the Dept. of Labor’s CPI Data. Meanwhile, prices on used cars and trucks climbed 16 percent higher over the last 12-months. Likewise, food prices rose 10 percent.
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