TradingEconomics/Staff/6-10-2022
“[The] annual inflation rate in the US unexpectedly accelerated to 8.6% in May of 2022, the highest since December of 1981 and compared to market forecasts of 8.3%. Energy prices rose 34.6%, the most since September of 2005, due to gasoline (48.7%), fuel oil (106.7%, the largest increase on record), electricity (12%, the largest 12-month increase since August 2006), and natural gas (30.2%, the most since July 2008). Food costs surged 10.1%, the first increase of 10 percent or more since the period ending March 1981. Big increases were seen in prices of meats, poultry, fish, and eggs (14.2%). Other increases were also seen in cost of shelter (5.5%, the most since February 1991), household furnishings and operations (8.9%), new vehicles (12.6%), used cars and trucks (16.1%) and airline fares (37.8%). Core inflation however, slowed for a second month to 6%, compared to expectations of 5.9%.”
United States Inflation Rate
(%, annualized)
