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Inflation Hits Fresh Four-Decade High, According to Fed’s Preferred Measure
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wsj.comInflation accelerated in June, measured by the Federal Reserve’s preferred gauge, driven by a jump in energy prices as well as broader-based increases.
Consumer prices rose 6.8% in June from a year earlier, up from 6.3% in May and April, as measured by the Commerce Department’s personal-consumption expenditures price index. The gain in June marked the sharpest rise since January 1982.
Read more on wsj.comAbout this in other media
UK grocery prices rise 11.6% as inflation hits highest level since 2008 theguardian.com /1 year ago
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