U.S. inflation soars to a new 40-year high in May
Prices continue to rise, especially when it comes to gas, rent and groceries.
By Marie Mendoza
U.S. inflation soars to a new 40-year high in May
Prices continue to rise, especially when it comes to gas, rent and groceries.
By Marie Mendoza
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A new report from the U.S. Bureau Of Labor Statistics shows prices were 8.6% higher in May compared with a year before. That’s the biggest increase since 1981.
Reset digs into the latest inflation data, and how much of a difference Chicago’s minimum wage hike will make starting in July.
GUEST: Michael Miller, economics professor at DePaul University