“Inflation Stays Low as Falling Gas and Car Prices Balance Rising Import Costs”
WASHINGTON (AP) — U.S. inflation edged up in May, with the Consumer Price Index (CPI) inflation report showing a 2.4% annual increase — slightly higher than April’s 2.3%. The CPI data release from the Labor Department also revealed that core inflation, which excludes food and energy, remained steady at 2.8% for the third straight month….