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Inflation rises 8.6% in May from a year ago, higher than expectations

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First published at 21:22 UTC on June 10th, 2022.

#cpi
#biden
#bidenflation

@BoogieFinger

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The consumer price index rose 8.6% in May when compared with a year ago, higher than Dow Jones' estimate of 8.3%. CNBC's Rick Santelli and Mike Santolli break down the data CNBC 06/10/2022
--Inflation rose 8.6% in May, highest since 1981
https://archive.ph/2O2hv
The consumer price index rose 8.6% in May from a year ago, the highest increase since December 1981. Core inflation excluding food and energy rose 6%. Both were higher than expected.
Surging food, gas and energy prices all contributed to the gain, with fuel oil up 106.7% over the past year.
The rise in inflation meant workers lost more ground in May, with real wages declining 0.6% from April and 3% on a 12-month basis

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