The Credit Strategist Blog
The CPI rose 8.65% in May from a year ago on top of a 5% year-over-year gain in May of 2021. This demonstrates the cumulative effects of rising prices which are often lost in media reports but certainly not lost on consumers. Excluding food and energy, core CPI was up 6%. These are the highest numbers in 40 years and every spending category was highe…
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