Key inflation indicator rises 3.4% in May from a year earlier, as expected

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The core personal consumption expenditures price index, a key inflation indicator that the Federal Reserve uses to set policy, rose 3.4% in May, marking the fastest increase since the early 1990s, the Commerce Department reported Friday. CNBC's Rick Santelli breaks down the numbers.

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Key inflation indicator rises 3.4% in May from a year earlier, as expected
Key inflation indicator rises 3.4% in May from a year earlier, as expected

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