Bidenomics: Inflation hit new 40-year high in May as gas, grocery, rent prices jumped
By HatetheSwamp June 10, 2022 5:45 am Category: President
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Inflation unexpectedly hit a new 40-year high in May as gas, food and rent prices surged, underscoring that its expected decline could be painfully slow.
The consumer price index increased 8.6% annually, up from 8.3% the prior month and the largest rise since December 1981, the Labor Department said Friday.
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Inflation unexpectedly hit a new 40-year high in May as gas, food and rent prices surged, underscoring that its expected decline could be painfully slow.