Inflation holds steady at 3.4% but Americans are still seeing higher prices for eggs, meat and cereal ...Middle East

INFLATION holds steady in May, per newly revealed federal data. The Bureau of Labor Statistics announced the price of goods and services is 3.4% more than one year prior as costs continue to inflate. GettyThe Bureau of Labor Statistics revealed that inflation is holding steady at 3.4%[/caption] The inflation rate increased 0% in May after rising 0.3% in April. The Bureau of Labor Statistics updates the Consumer Price Index, or CPI, monthly. The CPI tracks the average change over time in the prices paid by consumers for specific goods and services. Excluding the highly fluctuating cost of food and energy, the cost of consumer goods rose by 3.4% between May 2023 and May 2024.

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