It may be time to adjust your budgets. I'm noticing a change in my bank accounts - are you?
AP: Inflation rate jumps highest in six months
By MARTIN CRUTSINGER, AP Economics Writer
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.
Read the full article here.
Along the same lines, I read something yesterday on "stagflation." Can anyone explain that concept?