Wednesday, 14 July 2021

Inflation climbs higher than expected in June as price index rises 5.4%

Inflation climbs higher than expected in June as price index rises 5.4%

Inflation surged in June at its fastest pace in nearly 13 years amid a burst in used vehicle costs and price increases in food and energy, the Labor Department reported Tuesday. The consumer price index increased 5.4% from a year earlier, the largest jump since August 2008, just before the worst of the financial crisis. Economists surveyed by Dow Jones had been expecting a 5% gain.
Read more: https://www.cnbc.com/2021/07/13/consumer-price-index-increases-5point4percent-in-june-vs-5percent-estimate.html?source=Snapzu

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