Energy propels inflation in May

Wage gains lag increase in prices


Photographs by AP

A pump at a Shell station in southeast Denver in May displays prices for the three grades of gasoline. The consumer price index in May advanced at the fastest pace in 6 years.

U.S. inflation accelerated in May to the fastest pace in more than six years, reinforcing the Federal Reserve's outlook for gradual interest-rate increases while eroding wage gains that remain relatively tepid despite an 18-year low in unemployment.

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