President Biden Returns To The White House From Wilmington Consumer prices surged by much more than expected in June.
The Consumer Price Index rose 5.4 percent compared with a year ago, the Department of Labor said Thursday. On a monthly basis, the CPI rose 0.9 percent—nearly twice as much as expected.
Core inflation, which excludes the volatile food and energy categories, rose 0.9 compared with 12-months ago and 0.9 compared with May.Economists had expected the Labor Department to report that consumer prices rose 0.5 percent in June compared with May, down a tick from the 0.6 percent initially reported in the […]
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