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19 June 2006

US inflation continues to rise

US inflation rose faster than forecast for the third successive month in May, fuelling the prospect that interest rates will continue to rise beyond this month.

The core consumer price index, which excludes volatile food and energy prices, rose 0.3% in May, takes the annual rate to 2.4%.

Further information can be found by following the link below:
Bureau of Labor Statistics

Economic Research Unit
Franklin + Andrews

eru@franklinandrews.com

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