U.S. Consumer Price Growth Slows Dramatically In May, Personal Income Climbs 0.4%

A report released by the Commerce Department showed a dramatic slowdown in the annual rate of U.S. consumer price growth in the month of May. The report said the annual rate of consumer price growth slowed to 3.8 percent in May from 4.3 percent in April. The slowdown surprised economists, who had expected growth to accelerate to 4.6 percent.Original Article