U.S. consumer prices surge in May, recording largest 12-month increase since 2008

People walk on the street in Old Town Alexandria, Virginia, the United States, on June 10, 2021. U.S. consumer prices rose 0.6 percent in May, with a 12-month increase of 5.0 percent, the U.S. Labor Department reported Thursday. That marks the largest 12-month increase since a 5.4-percent increase for the period ending August 2008, according to the report. (Photo by Ting Shen/Xinhua)