U.S. Inflation Skyrockets to Highest Rate in 13 Years | Human Events

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U.S. consumer prices surged five percent from one year ago, reaching the highest annual inflation rate in nearly 13 years.
Following a 4.2 percent rise in April, the Labor Department said May's strong climb in consumer inflation was the largest since August of 2008.

As reported by the Wall Street Journal, the core-price index, which includes food and energy, rose 3.8 percent in May. This marks the largest increase for that reading since June of 1992.

On a month-to-month basis, overall prices rose a…
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