Inflation takes toll on State government also

OKLAHOMA CITY – Gross Receipts to the Treasury in May reflect the dampening effect of inflation on the Oklahoma economy, State Treasurer Randy McDaniel has announced. May gross receipts of $1.3 billion are up 5% from a year ago, the slowest rate of growth in 10 months. The current annual inflation rate is 8.3%. Energy prices are up 30.3% over the year and food costs are up 9.4%, the largest…