WASHINGTON — Consumer prices in May had their biggest month-over-month increase since 2013, as gasoline costs jumped sharply after months of declines, the Labor Department said Thursday.
The consumer price index, which covers a variety of goods and services, rose 0.4 percent compared with a 0.1 percent increase the previous month.
May was the fourth straight month that the index rose after three straight monthly declines caused by lower oil prices.
The gas price index rose 10.4 percent in May after declining 1.7 percent the previous month.
