Inflation increased slightly on an annual basis in May
Inflation increased slightly in May and remained above the Federal Reserve's target rate ahead of the central bank's next meeting this month.The Bureau of Labor Statistics on Wednesday said that the consumer price index (CPI) — a broad measure of how much everyday goods like gasoline, groceries and rent cost — rose 0.1% in May compared with last month, while it was up 2.4% on an annual basis.Those figures were […]