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Inflation accelerated again in May as the Iran war pushed up energy prices, outpacing wages for a second straight month. The consumer price index climbed 4.2% from a year earlier.
June 10
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Notably in February, Americans reduced spending on services for the first time in three years in the face of higher prices — including on dining out.
March 28
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The figures reaffirm that the Fed's quest to tame inflation will be bumpy as the economy has largely proven resilient to a year's worth of interest-rate hikes.
March 14
