Figures show US inflation may be picking up

Jump in petrol prices leads to higher fuel costs

17th May, 2016
Fed is looking for signals on US consumer prices Pic Pixabay

Official figures show that the cost of living in the US climbed in April by the most in three years, an indication that inflation may be picking up toward the

Federal Reserve’s goal.

Consumer prices increased by 0.4 per cent, the biggest gain since February 2013, following a 0.1 per cent advance in March, a Labor Department report showed. That brought the annual rate to...

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