U.S. consumer price index rose 5% year-over-year, vs. 4.7% estimate

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The headline consumer price index for May was expected to increase 4.7% year-over-year, according to economists surveyed by Dow Jones. Economists also expected 370,000 new initial jobless claims for the week ended June 5. CNBC's Rick Santelli and Steve Liesman break down the data.

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U.S. consumer price index rose 5% year-over-year, vs. 4.7% estimate
U.S. consumer price index rose 5% year-over-year, vs. 4.7% estimate

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