US inflation climbs to 9.1% in June

Valeria Martinez
clock • 2 min read
US inflation climbs to 9.1% in June

US inflation surged 9.1% in June from last year, hitting a fresh 40-year high as gasoline, shelter and food prices continued to rise.  The US consumer price index exceeded forecasts once again, with economists predicting an 8.8% increase. Prices rose 1.3% last month, following a 1% jump in May to 8.6%.  The increase was broad-based, but gas, shelter and food were the largest contributors, the US Bureau of Labor Statistics reported today (13 July).  After subtracting items like food a...

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