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Today’s Lead Story
Monday, May 25

Inflation

Memorial Day Prices Hit Multi-Year Highs for Food, Gas and Travel

via CNBC

Shoppers and drivers heading into Memorial Day weekend are facing some of the steepest prices in years, with ground beef averaging $7.46 a pound—up 20% from last May—and gasoline hitting $4.56 a gallon, a four-year high. Airline fares have climbed more than 20% year over year, and overall holiday staples now cost about 13% more than they did last Memorial Day.

Why it matters

Broad price increases across food, fuel, and travel are squeezing household budgets simultaneously, leaving less room for savings contributions or paying down debt.

See all today’s storiesRead source

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