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LATEST US DATA

May CPI sees biggest gain in over 2 years

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US consumer prices in May recorded their largest increase in more than two years as petrol prices surged, suggesting an energy-driven disinflationary trend had probably run its course.

Washington

US consumer prices in May recorded their largest increase in more than two years as petrol prices surged, suggesting an energy-driven disinflationary trend had probably run its course.

The Labor Department said on Thursday its Consumer Price Index (CPI) rose 0.4 per cent

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