High gas prices pushed annual inflation to the highest level in three years, according to May data released by the Commerce Department on Thursday.
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High gas prices pushed annual inflation to the highest level in three years, according to May data released by the Commerce Department on Thursday.
The Fed's preferred inflation gauge shows prices rising at fastest pace in 3 years
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Inflation of 3.8 per cent in April was the highest since May 2023 amid high petrol prices and food costs.
