1 hour, 44 minutes ago WASHINGTON (Reuters) - Higher costs for gasoline and food again put pressure on a key gauge of retail inflation in May, according to economists polled by Reuters ahead of Friday's release of the monthly consumer price index.The Consumer Price Index, the most broadly used gauge of inflation, will likely rise 0.5 percent in May, the biggest monthly gain since November, after a 0.2 percent rise in April, based on the median forecast of 80 economists.
Some of the energy-related costs are working their way into other prices, such as airline tickets as jet fuel costs jump, economists said.
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