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Consumer prices broadly rose more than forecasted in May as rebounding demand butted heads with various supply shortages through reopening. The Consumer Price Index climbed 0.6% from April to May, the Bureau of Labor Statistics said Thursday. That landed above the median estimate of 0.4% from economists surveyed by Bloomberg. The release follows a 0.8% month-over-month jump in April, which was the largest single-month jump in prices since 2009.
...read full article on Business Insider
