Economic Watch: U.S. CPI ticks up to 8.6 pct in May as Fed struggles to tame inflation

WASHINGTON, June 10 (Xinhua) -- U.S. consumer inflation in May surged 8.6 percent from a year ago, indicating inflation remains elevated despite the Federal Reserve's rate hikes, the U.S. Labor Department reported Friday.

The consumer price index (CPI) last month rose 1.0 percent from the previous month after increasing 0.3 percent in April, according to the department's Bureau of Labor Statistics (BLS).