US sees highest inflation in over 20 years ...News

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US sees highest inflation in over 20 years
source : Russia Today ( News ) () 23
Consumer prices are up 9.1% over the last 12 months Inflation in the US has once again exceeded forecasts, jumping by 9.1% in June compared to the same period of last year, the Department of Labor said on Wednesday. “In June, the Consumer Price Index for All Urban Consumers rose…9.1 percent over the last 12 months, not seasonally adjusted.” reads a release by the US Bureau of Labor Statistics. This is the largest increase since 1981. According to the Bureau’s data, all items measured except for food and energy became on average 5.9% more expensive over the year. According to Bloomberg, economists had predicted an

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