US: Inflation Back to Breaking Records in May  

Consumer price inflation rose by 1.0% month-over-month (m/m) in May – an acceleration from the 0.3% recorded the month prior. On a year-over-over basis, inflation accelerated by 0.3 percentage points from April, rising to 8.6%. Energy prices were a big contributor to the monthly gain – rising 3.9% m/m – as both gasoline (4.1% m/m) […]

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