U.S. consumer prices rose 0.2 percent in May  In May, the U.S. Consumer Price Index (CPI) increased, the U.S. Bureau of Labor Statistics said on Wednesday.

According to the government agency, the CPI in the U.S. climbed 0.2 percent in May on a seasonally adjusted basis. Over the course of the last 12 months, the index jumped 3.6 percent before seasonal adjustment was accounted for.

Analysts are worried about the uptick in food and energy costs, and though officials like Federal Reserve chairman Ben Bernanke had largely cast aside inflation fears, some experts are concerned about the high prices.

When food and energy were removed, the index rose 0.3 percent in May, which represents its largest jump since July 2008. The food index also rose in the month, with prices for meats, poultry, fish and eggs all increasing. On the other hand, energy prices, which have been soaring since the beginning of the year, retreated in May. The gasoline index fell for the first time since last June, serving as a bright spot in the report.

The 12-month increases of major indexes continued to shift upward in May, when the month change in the all items index hit 3.6 percent in the month. 
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