Consumer Prices Climbed 8.5% in July, Below Expectations – Daily Flash Briefing
Price gains eased in July for the first time in months.
Price gains eased in July for the first time in months.
The Consumer Price Index reveals that U.S. inflation reached 9.1% in June 2022, once again exceeding expectations.
The Consumer Price Index rose 8.6% in May from a year ago, the highest increase since December 1981. Surging shelter, gas and food prices all contributed to the increase.
March's Consumer Price Index reveals a price increase of 8.5% year-over-year, the sharpest increase in more than 40 years.
The January Consumer Price Index report was published today... here, Marc Bautis explains how inflation has reached a 40-year high.
You are likely to hear the term a lot. But what does "inflation" really mean?