Tuesday, June 13, 2023

Core Inflation Continues to Slam Retirees | CPI for May Shows Reduction

Inflation Dropped to 4% in May—But the ‘Biggest Risk' Is That Core Inflation Prices Will Remain

Article Excerpt: "..."The journey to 2% inflation has been stuck in a holding pattern," says Greg McBride, chief analyst at Bankrate, citing core prices that have risen steadily for several months. This "sticky" core inflation is the result of "an imbalance between demand and supply," with too many dollars chasing too few goods, says McBride. ...Shelter costs account for nearly a third of the CPI, and rose by 0.6% in May. ...other housing-related expenses like property insurance, maintenance and property taxes are still rising, says McBride. "



Resource: www.nbcnewyork.com

Core Inflation vs CPI, CPI May 2023, Inflation Continues to Pound Retirees Under Biden Economy,