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Rising gasoline prices drive US inflation higher

A customer pumps gasoline into his car at a station on March 3, 2015, in Mill Valley, CaliforniaA surge in gasoline prices pushed US consumer inflation modestly higher in May, the fourth month in a row of gains, the Labor Department said Thursday. The consumer price index (CPI) rose 0.4 percent in May, almost entirely driven by a 10.4 percent jump in gasoline prices, rebounding from a decline in April. Food prices were unchanged for a second straight month.

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