World, As Seen from the most beautiful islands: Ireland and Cyprus

US consumer prices show 5 percent annual increase

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Consumer prices in the United States increased slightly more than predicted in May. This was shown on Thursday by figures from the US Department of Labour.

Prices rose last month by 0.6 percent on a monthly basis. Economists expected an increase of 0.5 percent for May.

On an annual basis, consumer prices in the US increased by 5.0 percent. Predicted was 4.7 percent.

Core inflation, i.e. adjusted for food and energy prices, was 0.7% on a monthly basis in May. This was also predicted at 0.5%.

On an annual basis, core inflation was 3.8 percent.

Energy prices were unchanged compared to april, food prices rose by 0.4 percent.


Written by: Liam O'Reilly

Liam O'Reilly is the founder of the publication, a former analyst at a major reputation agency in the UK, who chose Cyprus as his home.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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