00:00The latest inflation report delivered a number consumers were hoping not to see.
00:04U.S. consumer prices rose 4.2 percent from a year earlier in May,
00:10marking the highest inflation rate in roughly three years.
00:13Energy costs were the biggest culprit,
00:16with higher gasoline prices accounting for a large share of the monthly increase.
00:20The data complicates the Federal Reserve's path
00:23as policymakers weigh inflation risks against slowing economic growth.
00:27After months of optimism that inflation was fading into the background,
00:31it has forced its way back into the spotlight.
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