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US inflation ticked up to 2.4% in May, with core prices at 2.8%, staying above the Fed's target.
US inflation rose slightly to 2.4% year-over-year in May, driven by higher grocery and imported goods prices, but offset by cheaper gas, travel services, and rents.
Core prices, excluding food and energy, increased 2.8% for the third consecutive month.
Despite tariffs, overall price hikes have been muted, though some companies plan to raise prices soon.
The Federal Reserve is unlikely to cut interest rates with inflation above its 2% target.
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La inflación estadounidense subió al 2,4% en mayo, con precios básicos del 2,8%, manteniéndose por encima de la meta de la Fed.