Skip to content
The Piney Point

Key inflation gauge jumps to 3-year high in latest sign of affordability challenges

Key inflation gauge jumps to 3-year high in latest sign of affordability challenges
Photo: KPRC 2 / Click2Houston (NBC) · view original

The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for President Trump as midterm elections near. The Commerce Department said Thursday that consumer prices rose 4.1% in May from a year earli...

Sources and story details