Inflation Passes Unfavorable Mark For First Time Since 2023
Inflation ticked up to 4.2 in May, according to data released Wednesday by the Bureau of Labor Statistics. The 4.2 increase was in line with expectations, with analysts predicting a 0.4 percentage-point increase from April’s 3.8 annual rate. The inflation increase was driven primarily by higher energy costs as oil prices surged amid tensions in ...
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