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InflationInflation Jumped to 4.2% in May, Highest Rate Since Early 2023Mortgage & Housing30-Year Mortgage Rate Slips to 6.47% in Freddie Mac's Latest Weekly SurveyDebtParent PLUS Borrowers Have 10 Days Left to Lock In Income-Based RepaymentRetirementSocial Security Full Retirement Age Reaches 67 for Workers Born in 1960 or LaterBankingBest Online Savings Accounts Paying Up to 5% APY While Average Sits at 0.38%InflationInflation Jumped to 4.2% in May, Highest Rate Since Early 2023Mortgage & Housing30-Year Mortgage Rate Slips to 6.47% in Freddie Mac's Latest Weekly SurveyDebtParent PLUS Borrowers Have 10 Days Left to Lock In Income-Based RepaymentRetirementSocial Security Full Retirement Age Reaches 67 for Workers Born in 1960 or LaterBankingBest Online Savings Accounts Paying Up to 5% APY While Average Sits at 0.38%
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Today’s Lead Story
Saturday, June 20

Inflation

Inflation Jumped to 4.2% in May, Highest Rate Since Early 2023

via Bureau of Labor Statistics

Consumer prices rose 4.2% over the past year through May — the fastest pace since early 2023 — with energy costs accounting for more than 60% of the gain. Gasoline prices are up over 40% year-over-year following oil supply disruptions in the Middle East.

Why it matters

Soaring fuel and energy prices are squeezing household budgets directly, leaving less room for savings, debt paydown, or other spending priorities.

See all today’s storiesRead source

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