Inflation Passes Unfavorable Mark For First Time Since 2023

Inflation ticked up to 4.2% in May, according to data released Wednesday by the Bureau of Labor Statistics.  The 4.2% increase was in line with expectations, with analysts predicting a 0.4 percentage-point increase from April’s 3.8% annual rate. The inflation increase was driven primarily by higher energy costs as oil prices surged amid tensions in ...