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2021-06-10
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Consumer prices jump 5% in May, fastest pace since the summer of 2008
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Economists surveyed by Dow Jones had been expecting a gain of 4.7%.</p>\n<p>The reading represented the biggest CPI gain since the 5.3% increase in August 2008, just before the worst of the financial crisis sent the U.S. spiraling into the worst recession it had seen since the Great Depression.</p>\n<p>A separate gauge that excludes volatile food and energy prices increased 3.8%, vs the Dow Jones estimate of 3.5% for so-called core inflation.</p>\n<p>Another report released Thursday showed that jobless claims for the week ended June 5 came in at 376,000. The estimate was 370,000. 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Economists surveyed by Dow Jones had been expecting a gain of 4.7%.\nThe reading represented the biggest CPI gain since the 5.3% increase in August 2008, just before the worst of the financial crisis sent the U.S. spiraling into the worst recession it had seen since the Great Depression.\nA separate gauge that excludes volatile food and energy prices increased 3.8%, vs the Dow Jones estimate of 3.5% for so-called core inflation.\nAnother report released Thursday showed that jobless claims for the week ended June 5 came in at 376,000. The estimate was 370,000. 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