INFLATION: May National Inflation Eases By Seven-Tenths Of A Point to 3.5%

May inflation may sounded more like a lion at 4.2% nationally and 3.6% in California but in June it was more like a lamb at 3.5% nationally and 3.4% in California according to the federal Bureau of Labor Statistics.

Aided by a drop in the energy sector, inflation eased at the start of the summer season after a spike in early spring.

For residents of high cost states like California, the news was better but largely unchanged as inflation dampened slightly to 3.4% from an annualized rate of 3.6% in May according to the California Department of Industrial Relations.

Inflation, energy, and general market conditions in specific states and the overall economy are critical for employers and residents alike and we at the Association of Western Employers are continuing to monitor this story.