US inflation rate once again defies expectations of a 40-year high of 8.6%
The cost of gas, food, and other commodities rose in May, pushing U.S. inflation to a new four-decade high and giving American households no respite from rising costs. Consumer prices rose 8.6 percent last month from 12 months earlier, faster than a year-on-year rise of 8.3 percent in April, the Labor Department said Friday. Month-on-month, …
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