Inflation surges 9.1% in June, hitting a new 40-year high

Summary by Ground News

Consumer prices soared 9.1% compared with a year earlier, the government says. It's the biggest 12-month increase since 1981, and up from an 8.6% jump in May. Some economists have held out hope that inflation might be reaching or nearing a short-term peak.

Published 7 months ago · Washington, United States

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Times of India

Surging gas prices likely drove US inflation to 40-year high

So far in July gas prices have fallen from the eye-watering $5 a gallon reached in mid-June to an average of $4.66 nationwide as of Tuesday. That is still far higher than a year ago, but the drop points to the potential for sharply lower inflation this month and possibly in August.

7 months ago·Mumbai, India

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News18 India

US Inflation Reached a New 40-year High in June of 9.1%

On a monthly basis, prices rose 1.3% from May to June, another substantial increase, after prices had jumped 1% from April to May

7 months ago·India

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CBC News

No slowdown yet in U.S. inflation, as rate rises to 9.1% in June

The U.S. inflation rate defied expectations and rose to a new multi-decade high of 9.1 per cent in the year up to June.

7 months ago·Canada

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The Independent

Inflation hits 40-year high, with energy prices being the highest contributing factor

The numbers are the latest blow to President Joe Biden

7 months ago·London, United Kingdom

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Global News

U.S. inflation unexpectedly hits 9.1%, setting new 40-year high - National

The U.S. posted a new 40-year high for inflation on Wednesday as some economists had held out hope that inflation might be reaching or nearing a short-term peak.

7 months ago·Toronto, Canada

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