5.4% Inflation - Largest Jump In Almost 13 Years
In June, inflation continued its rapid ascend, rising at its fastest pace in nearly 13 years amid an ongoing increase in the cost of used vehicles, food and energy.
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Inflation Is A Top Issue
Record-high prices have continued to pose challenges for the Trump administration.
Inflation Is Getting Under Control
According to the latest report from the Labor Department on Wednesday, consumer prices in June rose by a mere 3% compared to the previous year - the smallest annual increase since March 2021.
Inflation Is Easing
The consumer price index, which tracks how much people pay for goods and services, increased 7.1% in November from a year earlier, according to the Labor Department on Tuesday. This is a considerable decrease from the 7.7% rise seen in October.
U.S. Stocks, Jobs & Inflation
Inflation sped up in April and exceeded expectations as consumers prices increased by 4.2% while economists expected a more moderate 3.6% gain.