Inflation watch: US consumers hit with more price rises in May

United States consumer prices rose a brisker-than-expected 0.6 percent in May, the US Bureau of Labor Statistics said on Thursday, heaping more pain on American households after April’s 0.8 percent rise.

An inflation surge is circling the globe and the United States is feeling the squeeze. US consumer prices rose a brisker-than-expected 0.6 percent in May, the US Bureau of Labor Statistics said on Thursday, heaping more pain on American households after April’s 0.8 percent rise. Rising inflation is a burden for consumers, especially low-wage earners because it erodes their purchasing power and eats up a larger portion of their disposable income.