High gas prices pushed annual inflation to the highest level in three years, according to May data released by the Commerce Department on Thursday.
The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures price index, rose to 4.1% in May from 3.8% in April. On a monthly basis it was unchanged at 0.4%
This should make trump happy, since he “loves inflation. And MAGA should be trumpeting this great economic success. I just heard trump bragging on TV this morning about his great economy.