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CPI rose in June to 2.7% annual rate, new datas show
The Consumer Price Index (CPI) has seen a significant surge, with the latest figures revealing a 2.7% increase on an annual basis as of June. This marks a notable uptick from the previous month’s rate of 2.4%, according to economists polled by financial data firm FactSet.
As inflation continues to rise across the United States, this development may come as a concern for many Americans. The CPI, which tracks the change in prices over time, has witnessed a substantial increase on a monthly basis as well, with a rate of 0.3%. This is the largest such increase since January and aligns with economists’ forecasts.
The recent surge in inflationary pressure comes amid ongoing economic uncertainty, with global events and domestic policies contributing to the evolving landscape.
Source: www.cbsnews.com
