Business

Gasoline, Groceries and Housing Drove Inflation in May



Prices for food, energy and shelter helped drive up the consumer-price index in May to the fastest annual pace in more than 40 years, undoing a slight easing in April, the Labor Department said Friday.

Those three categories represent the bulk of most household spending in any given month. Together they account for more than half, by relative weight, of the price changes tracked by the department.



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