Inflation can’t be Ignored

WASHINGTON, July 13 (Reuters) – U.S. consumer prices increased by the most in 13 years in June amid supply constraints and a continued rebound in the costs of travel-related services from pandemic-depressed levels as the economic recovery gathered momentum. 

 

  • Consumer prices increase 0.9% in June
  • CPI accelerates 5.4% year-on-year
  • Core CPI surges 0.9%; soars 4.5% year-on-year
  • Used car, trucks account for more than a third of CPI jump

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