As the Memorial Day weekend marks the unofficial beginning of summer, experts are warning that your vacation could set you back more this year. Rampant inflation means that the price of a hotel booking, an airfare, and dining out have all soared since this time last year. The latest statistics released by the US Labor Department earlier this month showed that since April 2022. Despite cooling below 5 percent, the rate still remains stubbornly above the 's 2 percent target level.
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