Inflation Trend Line Flat but Inflation Not Letting Up: Analyst

Don Ma
By Don Ma
June 12, 2024Business Matters

New data reveals inflation cooled more than expected in May. The federal government report shows consumer prices rose 3.3 percent from a year earlier. NTD reflected on the new report with Brandon Arnold, an executive vice president at The National Taxpayers Union. He sees a flat trend line on inflation but doesn’t think inflation is letting up. He notes that certain sectors have seen relief, but others like housing are really crushing American bank accounts. Mr. Arnold weighs in on an argument about whether corporate greed is driving up prices.