US core inflation rises less than forecast for fourth month

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Underlying US inflation rose in May by less than forecast for the fourth month in a row, suggesting companies are finding ways to limit how much of higher costs from tariffs they pass through to customers.

The consumer price index, excluding the often volatile food and energy categories, increased 0.1% from April, according to Bureau of Labour Statistics data out Wednesday. From a year ago, it rose 2.8%.

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