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At 4.2%, US inflation logs biggest gain in 3 years
The consumer price index increased 4.2% in the 12 months through May, boosted by surging prices for energy products amid the West Asia conflict, and giving more ammunition for the Federal Reserve to keep interest rates unchanged into 2027. This was the largest gain since April 2023, the Bureau of Labour Statistics said.
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global.chinadaily.com.cn
US May CPI rises to highest level since May 2023
NEW YORK -- The US consumer price index (CPI) rose 4.2 percent year on year in May, marking its highest level since May 2023, as energy prices remained high, according to data…
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forbes.com
Consumer Prices Rose 4.2% In May—Highest Inflation Since 2023
Inflation worries remain as employment data has surpassed expectations.
