TechThe Motley Fool5 days ago
Headline Inflation Hits 3-Year High of 4.2%
1 min read
Year-over-year headline inflation hit 4.2% in May, the first time the CPI has topped 4% in three years. Core CPI rose 2.9% year over year. Energy prices drove the increase, rising 3.9% in May. Several consumer goods prices declined, offering some good news for new Fed Chair Kevin Warsh.
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