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Food, car prices lift US inflation to 13-year high – The Australian Financial Review
Used cars and truck prices increased 10.5pc in June and new vehicles rose 2pc, the largest one-month increase since May 1981….
But there are signs of other unexpected price pressures. A 0.8 per cent increase in the food price index in June was twice that of the May reading.
The cost of food away from home jumped 0.7 per cent, the biggest jump since 1982 in what is a sign that higher…
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