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US inflation climbs above 4% for first time in three years as consumer spending stays resilient
US inflation accelerated above the 4% mark for the first time in three years in May, driven by higher energy prices following the Middle East conflict, while consumer spending remained resilient despite rising living costs, according to Reuters.
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washingtonexaminer.com
Inflation rose to 4.1% in May in Fed’s preferred gauge
Inflation rose three-tenths of a percentage point to 4.1% for the year ending in May, the Bureau of Labor Statistics reported.
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cryptobriefing.com
US inflation hits three-year high as consumer spending rises in May
US inflation hits a three-year high at 4.2% amid rising consumer spending. Inflation at 3.8% in June priced at 56% YES.
