Prices Rise at Fastest Pace in Years, Fueling More Inflation Fears

Prices Rise at Fastest Pace in Years, Fueling More Inflation Fears
Customers shop for produce at a supermarket on June 10, 2021 in Chicago, Ill. Scott Olson/Getty Images
Emel Akan
Updated:

WASHINGTON—U.S. inflation in May rose 5 percent from a year ago, recording the biggest annual spike since 2008 as supply bottlenecks and surging household demand continue to push prices higher.

While transitory factors continue to lift prices, the economy sees more signs of continuing inflationary pressures, according to analysts, which may point to persistently high inflation.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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