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Southlake News

Inflation hits three‑year high in May

Inflation hits three‑year high in May
Photo: CBS Texas (KTVT) DFW · view original

Inflation rose to 4.1% in May, the highest in three years and up from 3.8% in April, widening the gap between wages and spending power. Core inflation ticked up only slightly to 3.4%, and economists say stable oil prices could help bring overall inflation down soon.

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