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https://www.barrons.com/articles/oil-prices-cpi-drop-fed-9618db4

Big Drop in Oil Prices Helped CPI. The Effect Could Fade.

By
Avi Salzman
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Growth in the consumer price index came in at a 4% annual rate in May, the lowest level since March 2021, thanks in large part to a decline in energy prices, but that positive effect may not last.

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