It will improve sooner or later. But can we handle the ever increasing home forecloses and credit tighting up. Now this.
Inflation rate jumps by biggest amount in 6 months By MARTIN CRUTSINGER, AP Economics Writer
2 hours, 7 minutes ago
Inflation rate jumps by biggest amount in 6 months - Yahoo! News
WASHINGTON - The inflation rate shot up in May at the fastest pace in six months, pushed higher by soaring costs for gasoline and other types of energy.
The Labor Department reported Friday that consumer prices rose by 0.6 percent last month, the biggest one-month increase since last November, as gasoline costs surged by 5.7 percent. Food prices, which have also been rising sharply, were up 0.3 percent as the cost of beef and bakery products showed big gains.
Core inflation, however, which excludes energy and food, edged up a more moderate 0.2 percent in May. That increase was right in line with expectations and should help relieve worries that the big increases in food and energy could be breaking through to more widespread inflation.