2.8 pct. annually

WASHINGTON | US consumer prices up 0.2 pct. in May, 2.8 pct. annually

WASHINGTON— U.S. consumer prices rose 0.2 percent in May, with surging gasoline costs driving much of the increase. The Labor Department said Thursday that the consumer price index climbed 2.8 percent last month from a year earlier, putting inflation on its fastest annual pace since February 2012. But core prices — which exclude the volatile … Continue reading WASHINGTON | US consumer prices up 0.2 pct. in May, 2.8 pct. annually