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Consumer Prices in U.S. Top Forecast, Stoking Inflation Concern

  • May consumer price gauge rises 0.6%; up 5% from year earlier
  • Gains reflect further advances in vehicle prices, airfares
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U.S. Consumer Prices Fuel Inflation Concerns With a 0.6% Gain
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Prices paid by U.S. consumers rose in May by more than forecast, extending a months-long buildup in inflation that risks becoming more established as the economy strengthens.