Americans don’t need the Labor Department to tell them that prices remain high. Still, Friday’s consumer price index report for May revealed that inflation reached a 40-year high, an 8.6 percent increase last month compared to a year ago. Energy and food supply shocks from the Russia-Ukraine war, pandemic-related employment and production shortages, and strong consumer demand, especially in airline travel, all contributed to higher prices. The Biden White House, Read More
from Vox
