Inflation heated up to 4.2% in May

[1srelluc]

MSN

Year-over-year inflation hit a three-year high of 4.2% in May, as the Iran war pushed energy prices higher. Beyond the gas pump, though, there were fewer signs of quickly rising prices.

Yet the rate of increase cooled slightly compared with April, a sign that the sharp rise in energy prices may have peaked and be softening.

As best as I can tell it was mostly energy and housing. Not great, not terrible.

 

[Chuz Life]

MSN

Year-over-year inflation hit a three-year high of 4.2% in May, as the Iran war pushed energy prices higher. Beyond the gas pump, though, there were fewer signs of quickly rising prices.

Yet the rate of increase cooled slightly compared with April, a sign that the sharp rise in energy prices may have peaked and be softening.

As best as I can tell it was mostly energy and housing. Not great, not terrible.

This is always voodoo econ for me to follow in one respect.

It seems housing prices go up during inflationary cycles. . . but equity? Not so much. . . or at a completely different pace.

Just an observation.

 

[JGalt]

"Gee I miss the Biden/Harris era 9.1% inflation rate..."

...said nobody ever.

 

[my2¢]

For those that avoid 2nd hand news that the media cherry picks and prefer their news straight from the horses' mouth, here's the report from the Bureau.

 

[JGalt]

For those that avoid 2nd hand news that the media cherry picks and prefer their news straight from the horses' mouth, here's the report from the Bureau.

It all becomes meaningless when you look at the big picture...

 

[my2¢]

It all becomes meaningless when you look at the big picture...

I wouldn't exactly call it meaningless for those on a penny-pinching budget. But I see where you're coming from.

Historically wise, having experienced the inflation of the 1970's, my patience isn't wearing thin.
As the OP put things, Not great, not terrible.

 

[jacksonlamb]

"Gee I miss the Biden/Harris era 9.1% inflation rate..."

...said nobody ever.

A rate thanks to Trump's inability to stabilize shipping and transportation dislocations.