Annual U.S. Inflation Hits 6-Year High In May Report

Summary

‘Headline’ inflation rose 0.2% in May, but is up 2.8% over the last 12 months, highest since February 2012.
Core inflation also increased 0.2%, showing that gasoline prices are not the sole source of inflationary pressure.
Non-seasonally adjusted inflation was up 0.42% in May. What does this means for holders of TIPS and I Bonds?

Also, I have updated my Inflation and I Bonds page with the new numbers.

And here are the new July inflation indexes for all TIPS.