Editor
US consumer price growth surged in May, accelerating 1 per cent, as rising energy and services inflation added urgency to the Federal Reserve’s plans to aggressively tighten monetary policy.
The monthly rise in the consumer price index, published by the Bureau of Labor Statistics on Friday, was significantly higher than the 0.3 per cent increase in April and above economists’ expectations of a 0.7 per cent rise.
The annual rate of
