Inflation Stable In May But Threat Of Summer Increase Remains

Inflation Stable In May But Threat Of Summer Increase Remains

Inflation — not as bad as you think

​ The Consumer Price Index rose 4.2% year over year in May, the fastest pace since 2023. Economist Stephen Slifer says the current inflation increase is largely driven by higher energy and gasoline prices. Money supply growth remains subdued, unlike the rapid expansion that fueled inflation during 2020-2022. Slifer expects inflation to moderate once energy prices decline and geopolitical tensions ease.   The CPI continued to climb in May w…