Inflation rose 4.2% in May. It couldn’t climb any higher, right? Right?
The consumer price index rose 4.2% in May, driven largely by energy costs that are up about 24% year over year.
It could be telling us that price increases have peaked.
“I worry about the longer-term consequences here,” said Natasha Sarin, president and co-founder or the Yale Budget Lab. “Importantly, they're not consequences that can be reversed.”
Today’s teens are worried that working as counselors won’t help them get into college. Sleepaway camps are adjusting.