Prices surge as inflation hits 40-year high
The Consumer Price Index is up 8.6% in May compared to a year go, fueling a surge in prices for food and energy as a gallon of gas is averaging $4.98 nationwide.
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Inflation rate is highest in 40 years
ABC News business reporter Alexis Christoforous reports on the new consumer price index data showing inflation is up 8.6% over the last year.
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All eyes on new inflation report as prices rise l GMA
Rebecca Jarvis reports on the latest inflation data and what it signals about the health of the U.S. economy. READ MORE: https://abcn.ws/3yvcCqP #ABCNews #Inflation #CPI #USEconomy #InflationReport
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