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Economic Report: Inflation surges again in June, PCE shows, as shortages plague the U.S. economy

Economic Report: Inflation surges again in June, PCE shows, as shortages plague the U.S. economy

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Inflation in the U.S. rose sharply again in June and the increase over the past year remained at a 13-year high, raising the cost of living for consumers and casting a shadow over a strong economic recovery. The PCE price index rose a sharp 0.5%.

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