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US inflation hits four-decade high of 8.6%
Newsflash: US inflation has hit a new four-decade high.
Consumer prices surged to 8.6% in the year to May, as the cost of living crisis hitting Americans continues.
That’s worse than expected — and up from 8.3% in April.
More to follow.
WASHINGTON (AP) — US inflation hit 8.6% over the past year, highest rate in 4 decades.
— Carl Quintanilla (@carlquintanilla)
