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Economic Report: Consumer prices soar again, CPI shows, and shove rate of inflation to a 13-year high

Economic Report: Consumer prices soar again, CPI shows, and shove rate of inflation to a 13-year high

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The cost of living surged again in May and drove the pace of inflation to a 13-year high of 5%, reflecting a broad increase in prices confronting Americans as the economy fully reopens. The consumer price index jumped 0.6% last month.

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