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.

As COVID-19 vaccination rates increase, restrictions are eased and government stimulus payments lure consumers out of their pandemic hibernation, bottlenecks are forming in supply

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