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Consumer prices rose 5% from last May, as pace of inflation ticks up - Axios
Jun 10, 2021 29 secs

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Consumer prices rose last month by 5% compared to May of 2020, marking the biggest year-over-year gain since August 2008, according to Consumer Price Index data released this morning.

Why it matters: The monthly release of the Consumer Price Index will add fresh fodder to the debate about whether inflation will be short-term or part of a long-term, and dangerous, cycle.

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