May CPI numbers are making it harder to discount inflation as COVID-related economic distortion.
Signs of a fall-off were scant in May inflation numbers for the United States.
Is recent inflation temporary or not? This is what ECB governors will grapple with when they meet in Frankfurt next week.
Inflation in focus in Europe, the junta government in Myanmar faces more armed resistance, and Israel unrest spreads to the West Bank.
CPI data in the United States added to fears that the global economic recovery could be derailed by runaway inflation.