US Inflation Reaccelerates In May
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After easing in April, US headline CPI inflation surged at a faster-than-expected pace of 8.6% y/y (1.0% m/m) in May. Accelerating energy (34.6% y/y), food (10.1% y/y) and used vehicles (16.1% y/y) prices led this increase. Although core CPI was unchanged at…
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