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
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 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