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US CPI Preview: Inflation Likely to Climb to New 40-Year High

The U.S. Labor Department will release the widely-tracked consumer price index (CPI) measuring the cost of living in the world’s largest economy on Wednesday at 12:30 UTC. Core inflation, which strips out the volatile food and energy component, is expected to be 0.6% month-on-month, or 5.8% for the year.