Economy/Inflation Rises—
The U.S. economy took a big hit last month. In April, inflation jumped to its highest level in almost three years, according to the latest figures released today from the Bureau of Labor Statistics. The consumer price index, a key inflation measure, shows inflation at 3.8% in April. Soaring oil and gasoline prices are reportedly the major reason. A clear indicator that the Iran war is hurting U.S. consumers. More details here.
Fronnie Lewis is the editor of mediacitygroove.com. She has an extensive background in newsgathering and writing, including more than two decades as a newswriter at KNBC-TV Los Angeles. She graduated from Stanford University, where she studied journalism and broadcast news.
