CBS News: Inflation Reaches 13-Year High

‘Record high prices for used cars were the largest contributor to the inflation surge’


QUIJANO: “Prices are rising as the U.S. economy recovers from the pandemic downturn. The inflation rate soared to a 13-year high in May, pushing the cost of living 5 percent higher than this time last year. Labor Department data shows the Consumer Price Index rose 0.6 percent from April, exceeding expectations.”

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