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CPI rose in June to 2.7% annual rate, new datas show
The Consumer Price Index (CPI) has reached a staggering 2.7% increase on an annual basis in the month of June, according to newly released figures. This development signals a concerning trend of inflation spreading across the United States, which had previously begun to decline earlier this year.
According to economists polled by financial data firm FactSet, this surge was forecasted and has now come to fruition. The CPI, which tracks the change in prices of goods and services commonly purchased by consumers over time, has recorded a significant uptick in June.
Notably, this month-over-month increase of 0.3% is the largest seen since January and aligns with economists’ predictions.
Source: www.cbsnews.com
