Marlette cartoon: Bazooka Joe 2022 05 10 Bazooka Joe Inflation
Syndication: News-Journal
WASHINGTON (AP) — A measure of inflation that is closely tracked by the Federal Reserve rose 6.3% in May from a year earlier, unchanged from its level in April. Thursday’s report from the Commerce Department provided the latest evidence that painfully high inflation is pressuring American households and inflicting particular harm on low-income families and people of color. The government’s report also said that consumer spending rose at a sluggish 0.2% rate from April to May. On a month-to-month basis, prices rose 0.6% from April to May, up from the 0.2% increase from March to April.
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