US Consumer Prices Up 5.4% in Year to June, Most Since 2008 - Labor Dept.
WASHINGTON (Pakistan Point News / Sputnik - 13th July, 2021) The US Consumer price Index, a measure of inflation, grew by 5.4 percent over a one-year period in June for its largest increase in 13 years, the Labor Department announced on Tuesday.
"Over the last 12 months, the all items index increased 5.
4 percent before seasonal adjustment," the department said, breaking down the data.� "This was the largest 12-month increase since a 5.4-percent increase for the period ending August 2008."