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US Consumer Inflation Hits Fresh Three-Year High In May

Channels TV
By Channels TV

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Channels TV
Channels TV

 

US consumer inflation surged to a fresh three-year high in May, according to official data released Wednesday, as increased energy prices rippled through the world’s largest economy.

The consumer price index (CPI) rose 4.2 per cent year-on-year, up from April’s 3.8 per cent figure, the US Bureau of Labor Statistics said.

It was the highest reading since April 2023, according to official…

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