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Inflation ticked up slightly to 2.4% in May, better than expected

By Zach Halaschak
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Inflation rose by one-tenth of a percentage point to 2.4% for the year ending in May, the Bureau of Labor Statistics reported Wednesday in an update to the consumer price index. 

Forecasters had expected inflation to tick up to 2.5% in the CPI.

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Consumers Federal Reserve Inflation Interest Rates Prices Tariffs Trump Administration