Inflation in the United States recorded a 5% increase over the past 12 months, beating analysts' estimates, according to data released by the Bureau of Labor Statistics this Thursday, June 10.

Analysts were pointing to an increase in the order of 4.7%. This is the largest annual increase since the 5.4% seen in August 2008. In monthly terms, US inflation showed a rise of 0.6%, thus slightly below the 0.8% seen in April.

With the exception of energy and food, the remaining sectors posted 0.7% increases in May following a 0.9% increase in April. The same scenario is repeated in the analysis of the last 12 months with a 3.8% increase the largest 12-month increase since June 1992. The energy index rose 28.5% over the past 12 months, and food increased 2.2%.

In turn, the new vehicle segment saw a 1.6% increase in May, the largest since October 2009, while airfares accelerated by 7.0%, following a 10.2% growth in April.