Headline RoundupJuly 13th, 2021

US Consumer Prices Rise by the Most Since 2008

Summary from the AllSides News Team

The U.S. Consumer Price Index (CPI) has jumped 5.4% since last June, according to the Labor Department.  This jump marks the sharpest 12-month inflation spike since 2008.

Businesses continue to recover from the impact of the coronavirus, as some face labor shortages, supply shortages and higher shipping rates. Meanwhile, the demand for products and services is growing as some businesses struggle to keep up.

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