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US core inflation accelerated to 3.7% annualized over the past three months, the highest reading since January 2025, according to data cited by Walter Bloomberg. Supercore inflation, which strips out food, energy and housing, surged to 5.5% annualized—the fastest pace since April 2024, up from 4.6% previously. The pickup signals underlying price pressures are re-accelerating rather than cooling, complicating the outlook for Federal Reserve rate policy. Markets will watch the next CPI release and Fed commentary for confirmation of whether the trend is broadening.

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US core CPI, supercore inflation, Walter Bloomberg