See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Consumer prices unchanged in May and up 3.3% from a year ago

Posted on AllSides June 12th, 2024
From The Center

The consumer price index showed no increase in May as inflation slightly loosened its stubborn grip on the U.S. economy, the Labor Department reported Wednesday.

CPI, a broad inflation gauge that measures a basket of goods and services costs across the U.S. economy, held flat on the month though it increased 3.3% from a year ago, according to the department’s Bureau of Labor Statistics.

Economists surveyed by Dow Jones had been looking for a 0.1% monthly gain and a 3.4% annual rate.

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

https://www.cnbc.com/2024/06/12/cpi-report-june-inflation.html

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right