U.S. inflation hits 4.2% in May as gas costs keep budgets under pressure
May inflation rose 4.2% from a year earlier as gasoline stayed expensive, consumers kept spending, and households had little savings cushion.
Consumer Spending
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U.S. inflation climbed in April as retail sales kept rising
April inflation sped up to 3.8% while retail sales rose 0.5%, leaving households with higher costs even as consumer spending stayed resilient.
