Inflation rose 9.1% in June, even more than expected, as consumer pressures intensify
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
Shoppers paid sharply higher prices for a variety of goods in June as inflation kept its hold on a slowing U.S. economy
The consumer price index rose 9.1% from a year earlier in a broad-based advance, the largest gain since the end of 1981, Labor Department data showed Wednesday
The widely followed inflation gauge increased 1.3% from a month earlier, the most since 2005, reflecting higher gasoline, shelter and food costs
Several factors such as housing stand to keep price pressures elevated for longer