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WEKU
Scott Horsley

BIZARRE: Cheaper eggs gas lead inflation lower in may but higher prices pop up elsewhere - You Need To See This

Inflation fell to 4% in May (down from 4.9% in April). Energy and food prices were trending down, but higher prices were also cropping up in other places, like restaurant prices. (Chris Hondros/Getty Images)

The falling price of gasoline and eggs took some of the sting out of inflation last month. But the overall cost of living is still climbing uncomfortably fast.

Consumer prices in May were up 4% from a year ago, according to a report from the Labor Department Tuesday. That was the smallest annual increase since March of 2021.

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