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US inflation fell again in May, the Bureau of Labor Statistics said on Tuesday, and was 4 percent year-on-year.
Falling inflation is bad for some stocks as it hurts profit margins, Morgan Stanley says.
The bank’s analysts named 30 stocks least affected by falling inflation.
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Inflation continues to cool. The US CPI figures for May showed on Tuesday that prices rose 4 percent compared to the same period last year. That’s down from 4.9 percent in April and well below the index’s peak of 9.1 percent in June 2022.