Inflation surges by 9.1%, driven by record gas prices
CNN
Inflation was sharply higher in June, according to new inflation data from the Bureau of Labor Statistics.
That's up from the previous reading, when prices rose by 8.6% for the year ended in May; and much higher than the 8.8% that economists had predicted, according to Refinitiv.
The Consumer Price Index for June also showed that overall prices that consumers pay for a variety of goods and services rose by 1.3% from May to June.
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