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Inflation Stayed High in May, According to Fed’s Preferred Measure

Inflation remained elevated in May, measured by the Federal Reserve’s most well-liked gauge, pushed in massive half by a leap in vitality and meals costs.

Consumer costs rose 6.3% in May from a yr earlier, the identical as in April however down barely from 6.6% in March, as measured by the Commerce Department’s personal-consumption expenditures worth index, which it reported Thursday. The March rise was the quickest since January 1982.

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