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Analysis: Transitory or here-to-stay? Investors try to read the inflation clues

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By David Randall NEW YORK (Reuters) – From lumber prices to wages and inventories: Reading the clues around inflation has turned into an investor obsession. The combination of supply bottlenecks from the reopening of the global economy and the resumption of economic growth sent consumer prices in May up by the largest annual jump in nearly 13 years. Employers are raising wages as they compete for scarce workers while retailers have limited inventories because of shipping and production delays. As investors assess the risks of rising prices to financial markets, however, some think the biggest …

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