![]() Investors are betting that the Fed will leave interest rates unchanged at this week's meeting. The central bank has already raised interest rates 10 times in the last 15 months in an effort to tamp down demand and bring prices under control. The latest inflation news comes as the Federal Reserve begins a two-day policy meeting. "Leisure and hospitality, cost of travel, that's remained concerningly sticky," said Andrew Patterson, a senior economist at Vanguard. But while the price of many goods has leveled off or even fallen, the cost of services such as restaurant meals and car repair continues to climb. Annual inflation has dropped significantly since last summer, when it hit a four-decade high of 9.1%. Rising rents and used car prices were partially offset by cheaper gasoline and electricity.Įxcluding volatile food and energy prices, "core" inflation was 5.3% for the 12 months ending in May. Prices rose 0.1% between April and May, a smaller increase than the month before. That was the smallest annual increase since March of 2021. But the overall cost of living is still climbing uncomfortably fast.Ĭonsumer prices in May were up 4% from a year ago, according to a report from the Labor Department Tuesday. The book was later adapted into a movie starring Julia Roberts and Javier Bardem.The falling price of gasoline and eggs took some of the sting out of inflation last month. The 53-year-old is a bestselling author and journalist whose memoir Eat, Pray, Love: One Woman's Search for Everything Across Italy, India, and Indonesia sold over 10 million copies worldwide. Gilbert further explained in the video that she will focus on other projects in the meantime and will refund any preorders of the novel. The novel follows a group of individuals who make a decision to remove themselves from society in order to resist the Soviet government. The Snow Forest is "set in the middle of Siberia in the middle of the last century," according to Gilbert. OAEmrjtfJx- Elizabeth Gilbert June 12, 2023īy Monday afternoon, the novel had received over 500 one-star reviews on the book-recommendations website Goodreads, with a deluge of reviews condemning the book's Russian setting. Please note that if you were charged for your pre-order, you will be fully refunded. Important announcement about THE SNOW FOREST. "It is not the time for this book to be published."Ī representative for Gilbert declined NPR's request for comment on the backlash. I want to say that I have heard these messages, and read these messages, and I respect them," Gilbert said. ![]() ![]() "I do not want to add any harm to a group of people who have already experienced, and who are continuing to experience, grievous and extreme harm. The novel was set to be released in February 2024, which would be exactly two years after Russia invaded Ukraine. ![]() expressing anger, sorrow, disappointment and pain their disappointment over the story being set in Russia." The bestselling author said she was "making a course correction." ![]() Gilbert said in the video she needed to listen to her Ukrainian readers after receiving "an enormous, massive outpouring of reactions and responses. In a video announcement posted to Twitter on Monday, Gilbert said her upcoming novel, The Snow Forest, will be removed from the release calendar following criticism from Ukrainians, whose country is still at war with Russia since its invasion in February 2022. Elizabeth Gilbert, the bestselling author of Eat, Pray, Love, announced that she is halting the release of her next book following a "massive" backlash about its setting in Russia. ![]()
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