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US inflation reaches three-year high
American data has reported that the country's inflation rate rose to 4.2% in May, reaching its highest level in three years, with a 0.5% increase in the Consumer Price Index, primarily driven by higher energy costs. Although core inflation—excluding food and energy prices—increased by 0.2% month-to-month and 2.9% annually, the market still anticipates economic impacts resulting from this rise.
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