US inflation reaches 9.1 per cent
US consumer prices rise at their fastest pace in decades in June.
By the editors14 July 20223 min read
According to the Bureau of Labor Statistics, US consumer prices rose 9.1 per cent year on year in June 2022 – the highest rate since the early 1980s.
Energy, food and shelter were the main drivers. Pressure on the Federal Reserve to keep raising rates is mounting.