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The Independent UK
The Independent UK
National
Megan Sheets

US inflation hits highest rate in four decades at 8.6 per cent over the past year

Inflation United States Dow Jones
Copyright 2022 The Associated Press. All rights reserved

US inflation has hit its highest rate in four decades at 8.6 per cent over the last year.

The Labor Department reported the record consumer price index (CPI) figure on Friday morning after Americans weathered another month of soaring costs for gas, food and other necessities in May.

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