Inflation Hits Fresh Four-Decade High, According to Fed’s Preferred Measure

by | Jul 29, 2022 | Business

Inflation 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.

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