Inflation and Cost of Living

This living topic explores the trends and impacts of inflation on consumer goods prices, covering a wide range of products and services. The articles delve into detailed statistics and reports on the rising costs of groceries, housing, fuel, and other essentials, while also discussing the economic factors driving these changes. Readers will find insights into how inflation affects everyday expenses, strategies for managing rising costs, and the broader implications for the economy. Additionally, the content provides expert advice on financial planning and investing in an inflationary environment.

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May’s inflation rate was lower than expected

But food costs have begun to rise again at a faster rate

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Inflation remained tame in May, rising just 0.1%, with shelter costs as the largest contributor; year-over-year inflation rose slightly 2.4%.

Food prices reversed earlier declines, climbing 0.3% in May, with notable increases in cereals, bakery products, and dining out, despite ongoing price drops in eggs and dairy.

Other consumer costs showed mixed trends, with car insurance jumping 0.7% and rent continuing to rise, while energy prices fell and vehicle repair costs slight...

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