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The Federal Reserve’s preferred inflation gauge ticked higher last month in a sign that President Donald Trump’s broad-based tariffs are starting to lift prices for many goods.
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May CPI: Inflation pressures ease on a monthly basis as tariff ...On a "core" basis, which excludes volatile food and energy costs, CPI rose 2.8% over the past year in May, matching April. Monthly core prices increased 0.1%, a touch below April's 0.2% gain.
A Reuters poll showed the median forecast among economists had been for consumer price inflation to rise to 3.3%. "There's a lot of frustration.
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