inflation

With inflation heating up, Americans’ spending power is under stress. But in a few sectors, wages are still growing faster than inflation. New data published on Wednesday showed inflation in May exceeding 4% for the first time since 2023 and outpacing private-sector wage growth for the second-straight month, at 4.2%…

US annual inflation accelerated more than expected, with the consumer price index rising 3.8% in April from a year ago. Economists expected a 3.7% increase, and it’s the highest inflation rate since 2023. Loading audio narration… CPI increased 0.6% from March, as expected, and was cooler than March’s 0.9% rise.The…