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Think sunshine, sandals, sizzling sidewalks and squeezed budgets.
The consumer price index rose to 2.4% year-over-year in May, a slight increase from April’s 2.3%, according to the Bureau of Labor Statistics. Monthly inflation peaked at just 0.1%, suggesting that price growth remains relatively stable. CNBC issued a breakdown of the May data. Core categories such as used cars and apparel saw price declines, offering temporary relief to families despite…
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