Consumer Prices

Patrons are assisted while dining along a sidewalk on Franklin Street in Chapel Hill, North Carolina. As consumers increasingly venture away from home, demand has begun to shift away from manufactured goods and toward services, from airline fares to restaurant meals, triggering inflation in those areas. (AP Photo/Gerry Broome)

WASHINGTON — American consumers absorbed another surge in prices in May — a 0.6% increase over April and 5% over the past year, the biggest 12-month inflation spike since 2008.

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