Record gas prices are to blame for the highest inflation levels the U.S. has seen in 40 years.
That’s higher than the pace recorded in April.When not accounting for volatile food and energy prices, the CPI recorded a 6% increase for the period ending in May.
On Friday, benchmark U.S. crude oil gained 82 cents to $122.33 per barrel and the AAA auto club reported the national average for a gallon of regular gas in the United States hit $4.99.He will be at the Port of Los Angeles, the country's busiest port, to discuss efforts to tackle inflation.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
US inflation hit 8.6% in May, a new 40-year highConsumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.
Weiterlesen »
US inflation hit a new 40-year high last month of 8.6%At the same time, inflation has shown some signs of moderating, and economists expect it to decline this year, though not by very much.
Weiterlesen »
Solana price just one breakdown away from a 40% slide in June — here's whyNetwork outages and weakening smart contract reserves add further downside pressure to Solana's native token price.
Weiterlesen »
Woman known as 'Baby Holly' found alive 40 years after her parents were killed in TexasHolly was just a baby when her parents were discovered in a wooded area in 1981. She vanished, but now decades later, she was found alive and well on her late father's birthday.
Weiterlesen »
Woman known as 'Baby Holly' found alive 40 years after her parents were killed in TexasHolly was just a baby when her parents were discovered in a wooded area in 1981. She vanished, but now decades later, she was found alive and well on her late father's birthday.
Weiterlesen »