US CPI Inflation hit 9.1% in June

Inflation hit a new, 40-year high in June, with consumer prices up 9.1% from a year ago.

For the 12 months ending in June, the government’s consumer price index rocketed 9.1 percent, the fastest year-over-year jump since 1981.

Unleaded gasoline is up 61 percent, in the past year. Men’s suits, jackets and coats, 25 percent, Airline tickets, 34 percent. Eggs 33 percent. Breakfast sausage, 14 percent.

year-over-year inflation to hit 8.6 percent last month from a year earlier in the 19 countries that share the euro currency, and up from an annual increase of 8.1 percent in May

A recovering job market — employers added a record 6.7 million jobs last year and a healthy average of 457,000 a month so far this year

The Labor Department says that after accounting for higher consumer prices, hourly earnings for private-sector employees fell 3.6 percent last month from a year earlier, the 15th straight drop

the eye-watering $5 a gallon reached in mid-June to an average of $4.66 nationwide as of Tuesday

still far higher than a year ago but a drop that could help slow inflation for July and possibly August.

US CPI Inflation Effects the grocery in June upto 12.2%