https://www.cnbc.com/2022/07/13/inflation-rose-9point1percent-in-june-even-mor
The consumer price index increased 9.1% from a year ago in June, above the 8.8% Dow Jones estimate.
Excluding food and energy, core CPI rose 5.9%, compared with the 5.7% estimate.
Costs surged for gasoline, groceries, rent and dental care.
Adjusted for inflation, workers’ hourly wages fell 1% during the month and are down 3.6% from a year ago.
Shoppers paid sharply higher prices for a variety of goods in June as inflation kept its hold on a slowing U.S. economy, the Bureau of Labor Statistics reported Wednesday.
The consumer price index, a broad measure of everyday goods and services related to the cost of living, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate. That marked the fastest pace for inflation going back to November 1981.
Excluding volatile food and energy prices, so-called core CPI increased 5.9%, compared with the 5.7% estimate. Core inflation peaked at 6.5% in March and has been nudging down since.
On a monthly basis, headline CPI rose 1.3% and core CPI was up 0.7%, compared to respective estimates of 1.1% and 0.5%.
Taken together, the numbers seemed to counter the narrative that inflation may be peaking, as the gains were based across a variety of categories.