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Inflation hit 40-year high last month

by | Jun 10, 2022 | Headline Feed, Statewide

Inflation hit 40-year high last month
Customers shop at a grocery store in Mount Prospect, Ill., on April 1, 2022. Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday, June 10, 2022.

WASHINGTON — The costs of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs.