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US inflation continued to soar in May, with the Core Consumer Price Index (CPI) up 0.7% month over month and 3.8% year over year—its highest annual rate in more than 25 years. Some sectors—including airlines, autos, hotels and leisure, industrials, retail, supermarkets, and tech—are experiencing moderate to severe input cost pressures that are likely to persist into 2022 and beyond, after reopening is complete.
...read full article on Seeking Alpha
