Inflation in May rises to 5%, the new maximum since 2008

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The consumer price index advanced more than expected to 5% (annual), this being the highest level since August 2008, driven by base year comparison effects, increased demand and supply constraints. A reading of 4.7% was expected. In April it had been 4.2%. The rise in the month was 0.6%, higher than the 0.4% expected.

The underlying index it increased 0.7% in May, higher than 0.4% and lower than 0.9% in April. Compared to a year ago, the increase was 3.8%.

In another report, a smaller-than-expected drop in requests for unemployment benefits was known. The dollar It reacted initially with a rally across the market but then weakened and reversed the trend.

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