U.S. inflation hit 4.2% in May as gas surged, even as pump prices eased
May inflation rose 4.2% over the past year as gas and energy pushed prices higher, even though national pump prices have eased a bit.
May inflation rose 4.2% over the past year as gas and energy pushed prices higher, even though national pump prices have eased a bit.
U.S. inflation accelerated in May, with the CPI up 4.2% year over year as gasoline and shelter kept pressure on commuting and household budgets.
April CPI and PCE both ran at 3.8% year over year, while gas prices and softer confidence kept pressure on U.S. household budgets in May.
San Antonio TX – SAWS is advancing a proposed water and sewer rate increase that could start in July and first appear on August bills if approved.