Inflation in May here in the US accelerated at it’s fastest pace in 13 years as inflation pressures continued to build in the U.S. economy. The consumer price index, which represents a basket including food, energy, groceries, housing costs and sales across a spectrum of goods, rose 5% from a year ago.
U.S. wholesale inventories increased strongly in April as businesses replenished stocks to meet pent-up demand, but supply constraints could make it harder to maintain the current pace of inventory rebuilding. The Commerce Department said that wholesale inventories rose 0.8% as estimated last month and were 5.2% higher than in April of last year.
Apple’s iOS 15 update will bring lots of new features to your iPhone when it launches this fall. Apple announced the latest iPhone software this week during its big annual developer conference. The update will give you more options for FaceTime video chat including, finally FaceTiming with friends on Android. It also brings new privacy features that help protect your email and show you how often apps access things like your camera and microphone. And later this winter, you may even be able to add your driver’s license to Apple Wallet, depending on where you live.