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US inflation cooled significantly in May — but it's still not where the Fed wants it

June 13, 2023

Minneapolis (CNN) — US inflation is coming back down to Earth: Consumer prices in May rose at the slowest annual pace since March 2021, according to fresh data released Tuesday by the Bureau of Labor Statistics.
Minneapolis US inflation is coming back down to Earth: Consumer prices in May rose at the slowest annual pace since March 2021, according to fresh data released Tuesday by the Bureau of Labor Statistics.