05142021 :: Friday finance
A partial digest
There is a simple factor contributing majorly to the steep inflation number of 4.2% for the 12 months (UA) ending April 2021; oil prices were negative one year ago April, and the industry was cratering. The energy category, along with its subcategories, had the highest numbers in the BLS’s latest report. Gasoline alone for the 12 months ending April 2021 saw a nearly 50% rise.