Latest Data Shows Spike in Prices of Food, Oil, and More

At Reason.com -

"Consumers were hit hard by a range of price increases last month, according to new data from the Bureau of Labor Statistics (BLS). Here are some highlights from the Consumer Price Index (CPI), which tracks the changes in costs of household goods:

• The food index rose 0.5 percent in May after increasing 0.4 percent in each of the three previous months. 
• The index for food at home increased 0.7 percent, its largest increase since July 2011. 
• The gasoline index rose 0.7 percent."

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