Inflation surpassed 4% for the first time since 2023

Nairavoice | 3d ago 292 0 1 min read
Inflation surpassed 4% for the first time since 2023
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6a28352e67142ea6832cde75?format=jpeg Inflation surpassed 4% for the first time since 2023
  • The new CPI report showed annual inflation jumped to 4.2% in May, the highest rate since April 2023.
  • Data last Friday showed job growth has been healthy, so economists expect the Fed to focus on inflation.
  • Inflation outpaced wage growth for the second straight month.
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