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US inflation rises to 4.2%, hitting a three-year high as fuel prices rise
Why this matters: an international story with cross-border implications worth tracking.
Annual inflation accelerated to 4.2% in May, driven largely by higher fuel costs, as rising prices continue to weigh on household budgets and cloud the Federal Reserve's interest-rate outlook.
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U.S. consumer prices rise by 4.2% annually in May
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