US inflation rose at its fastest pace for six months in May because of sharply higher energy costs.
Consumer prices rose 0.6% last month, government figures showed, the Spanish petrol stations begin to run dry amid strike ...
Fed auctions $7bn in securities ... steepest monthly increase since last November.
Gasoline costs surged by 5.7% last month, driven by the soaring global cost of oil which recently hit more than $139 a barrel.
Rising inflation is a worry for the Federal Reserve, which has cut rates aggressively to stimulate growth.
(BBC)
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