US Consumer Inflation Reaches Six-year High
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2018-06-12 HKT 22:24
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Sharp increases in the prices for gasoline, fuel oil, shelter and medical care helped send a key measure of annual US consumer inflation to a six-year high in May, according to new data released on Tuesday.
The Consumer Price Index, which tracks costs in household goods and services, rose 2.8 percent year-over-year, the highest since February 2012.
Compared to April, however, the index rose only 0.2 percent, undershooting analyst expectations. (AFP)
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