US Inflation Likely To Hit 3-Year High In May, RBC Says: ‘Bad News For Consumers, Good News For Labor Market’

U.S. consumer inflation is on track to accelerate to its highest level in three years amid rising energy and food prices, according to RBC Economics. The Consumer Price Index (CPI) for May will be released by the Bureau of Labor Statistics (BLS) on Wednesday and the research and forecasting division...