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Inflation Drops But Energy Rises | Irvine News

Inflation Drops But Energy Rises | Irvine News

Published 2 weeks, 6 days ago
Description

Inflation took a surprising dive last month, its biggest single-month drop in six years, fueled by plummeting energy prices and cheaper essentials like clothes and medical care—but don’t celebrate yet: Middle East tensions are reigniting oil price spikes, and prices remain stubbornly high year-over-year, especially for energy. While eggs hit a two-and-a-half-year low, milk and beef soar to record highs, and electricity costs hit an all-time peak, leaving consumers caught between falling and surging costs.

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