Housing, medical care costs seen supporting underlying inflation
Fri, Jun 17, 2016 - 5:50 AM
Medical care costs increased 0.3 per cent after a similar gain in April. Apparel prices rose 0.8 per cent, while the cost of used cars and trucks dropped 1.3 per cent.
US consumer prices moderated in May, but sustained increases in housing and healthcare costs kept underlying inflation supported, which could allow the Federal Reserve to raise interest rates this year.
While another report on Thursday showed an increase in the number of...