BUSINESSWTOP DC
Surging inflation making it harder for Marylanders to make ends meet
Inflation in Maryland reached 4.2% annually in May, driven by rising fuel prices and global energy market disruptions, making it harder for families to afford essentials like food and utilities. Energy costs, including gasoline and fuel oil, increased significantly, with gas prices up over 40% nationally. Aid organizations report increased demand for assistance as higher costs strain local food distribution networks.
Mentioned
MarylandplaceConsumer Price IndextopicChristopher MeyerpersonMaryland Center on Economic PolicyorganizationStrait of HormuzplaceAllan DrazenpersonUniversity of MarylandorganizationMaryland Food BankorganizationSouth County Assistance NetworkorganizationPat Youngmanpersonfuel pricestopicInflationtopic
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