U.S. Inflation Skyrockets to Six-Year High, Eroding Wages & tax break
 

U.S. Inflation Skyrockets to Six-Year High, Eroding Wages & tax break

U.S. inflation has accelerated to the fastest pace in more than six years, reinforcing the Federal Reserve’s outlook for gradual interest-rate hikes while eroding wage gains that remain relatively tepid despite an 18-year low in unemployment.

The consumer price index rose 0.2 percent from the previous month and 2.8 percent from a year earlier, matching estimates, a Labor Department report showed Tuesday. The annual gain was the biggest since February 2012 and follows a 2.5 percent increase in April. Excluding food and energy, the core gauge was up 0.2 percent from the prior month and 2.2 percent from May 2017, also matching the median estimates of economists.

Chumpanzees are to stupid to realize this. All that matters is what leader Chump says

Under Obama he said unemployment numbers were fake and alot higher, now they are accurate under his administration!

Crickets from Trump supporters about rising inflation it doesn't fit their narrative of reality based data :2 cents: