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Alamo Heights News

Key inflation gauge jumps to 3-year high in latest sign of affordability challenges

Key inflation gauge jumps to 3-year high in latest sign of affordability challenges
Photo: KSAT 12 (ABC) - San Antonio News · view original

The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for President Trump as midterm elections near. The Commerce Department said Thursday that consumer prices rose 4.1% in May from a year earli...

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