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Consumer Prices Up 5.0%, The Largest Annual Increase Since 2008

Consumer Prices Up 5.0%, The Largest Annual Increase Since 2008

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The Consumer Price Index Summary from the Bureau of Labor Statistics indicated that seasonally adjusted prices averaged 0.6% higher in May, after rising by 0.8% in April. The volatile seasonally adjusted energy price index was unchanged in May, after falling by 0.1% in April.

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