Customers Jennifer Lopez and Oscar Morales of Allen shop during the grand opening of the H-E-B store in Allen on Wednesday, Oct. 4, 2023. The 117,000-square-foot store is at 575 E Exchange Pkwy. H-E-B is just across and north of Allen High School and on to the west is across from Kroger on North Greenville Avenue.WASHINGTON — Inflation in the United States eased in May for a second straight month, a hopeful sign that a pickup in prices that occurred early this year may have passed.
The cost of auto insurance, which has soared in recent months, actually dipped from April to May, though it’s still up more than 20% from a year earlier. Grocery prices were unchanged last month, after declining slightly in April. They’re now up just 1% on a year-over-year basis.The Fed has kept its key rate unchanged for nearly a year after having rapidly raised it in 2022 and 2023 to fight the worst bout of inflation in four decades.