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Inflation rate drops to nearly zero in May

1 year 10 months ago
Inflation all but disappeared in May according to the latest figures from the BLS: Headline inflation dropped to 0.07%—zero for all practical purposes—and core inflation dropped to 2.0%. Inflation in services also dropped, coming in at a very respectable 2.4%. That's good news since services inflation has been stubbornly high. On a conventional year-over-year basis, ...continue reading "Inflation rate drops to nearly zero in May"
Kevin Drum