US inflation accelerated to a new 40-year high in May.
A sign that price pressure is already accelerating the economy.
This is likely to force the Federal Reserve to increase an aggressive series of interest and exacerbate the political problems of the White House and Democrats.
The consumer price index rose by 8.6% compared to the previous year in a wide increase,
Data from the Ministry of Labor showed on Friday.
The broad gradual inflation rate increased by 1% compared to the previous month,
mainly according to estimates. The biggest contributions are housing, food and gas.
The so-called core CPI, which removes more components of fast food and energy, increased by 0.6% .
Compared to the previous month and by 6% compared to the previous year, which is more than expected.
The data are losing all hope that inflation has already risen and is starting to fall.
Rising fuel prices, combined with relentless food and housing costs, are increasing the cost of living for Americans, suggesting that the Fed should pump economic brakes
Which is even more difficult. This increases the risk of a recession that some economists consider likely next year.
"There will be a slight respite from four decades of high inflation until energy and food costs are reduced and excessive demand pressures are reduced
In response to tighter monetary policy," Sal said. Guatieri, chief economist at BMO Capital Markets,