US inflation rebounds and stays at 40-year excessive, key value gauge reveals

The numbers: A key measure of US inflation surged 1% in June, led by higher fuel prices, suggesting that price pressures in the economy remain acute and are unlikely to ease quickly. The rise in the so-called personal consumption expenditures price index has exceeded Wall Street forecasts. Economists had predicted a 0.9% increase. A narrower … Read more

Client Value Index CPI reveals US inflation rises to new 41-year excessive of 9.1% as fuel costs rise

The numbers: Rising gasoline prices last month pushed the US inflation rate to a near 41-year high of 9.1%, offering early hope of help for Americans suffering from high costs of living. The consumer price index rose 1.3% last month to mark the third time in the past four months it topped 1%. Economists polled … Read more

The US Bureau of Labor Statistics mentioned that the US June inflation report circulating on the Web on Tuesday was faux

The US Bureau of Labor Statistics said on Tuesday that a release circulating online purporting to show June inflation data, scheduled for release Wednesday morning, is fake. “We are aware of a fake CPI announcement image circulating on Twitter. It is fake. Stay tuned for the real CPI release tomorrow at 8:30 a.m. ET,” BLS … Read more