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Inflation Hits New 40-Year High in May

Inflation Hits New 40-Year High in May The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 1% in May, 2022.  However, the all items index was up 8.6% for the 12 months ending in May – the largest 12-month increase since December, 1981. “The

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