Consumer prices surge by most since August 2008
Posted on AllSides July 13th, 2021
From The Right
U.S. consumer prices rose last month at the fastest pace since August 2008.
The Labor Department said Tuesday that the consumer price index rose 0.9% in June, faster than the 0.6% increase in May. Analysts surveyed by Refinitiv were expecting a 0.5% gain.
Used car prices spiked 10.5% last month, accounting for more than one-third of the increase. Additionally, energy prices climbed 1.5% month over month and food prices rose 0.8%.
Prices rose 5.4% year over year, and have been trending higher every month this year. Analysts surveyed by Refinitiv were expecting...
