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.