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Consumer Price Climb Hits Inflation Fight
May saw consumer prices rise sharply signaling a setback in inflation control. Labor reports higher month over month gains. officials urge focus on long term trend while noting unemployment near six percent and weak wholesale prices.
MENTIONED IN THIS ARTICLE
Linda Rubey
NEW York (Ap
Labor Department
Commerce
Maurice H. Stans
President’s Council of Economic Advisers
Congress
U.S
Hendrik
Houthakker