Inflation Isn’t A Bug In The System, It’s A Feature | ZeroHedge
Authored by J. Kennerly Davis via RealClearPolicy,
May brings more bad economic news for hard-pressed American households. “Transitory” inflation remains firmly entrenched at rates equal to or higher than those reported at the start of 2024.
The Labor Department reports this week that the Consumer Price Index, or CPI, it’s official measure of the rate of change in the retail price of a basket of everyday goods and services, rose 0.3% in the month of April, the same as (more…)