Major US stock indexes saw gains during Wednesday’s premarket session following the latest consumer price index (CPI) report. Annual inflation in the US for May was recorded at 3.3%, a slight decrease from 3.4% in April, exceeding market expectations. According to the Bureau of Labor Statistics, the CPI remained unchanged on a monthly basis. The report detailed a 0.4% increase in shelter costs, a 0.1% rise in food prices, and a 2% drop in energy costs.
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