U.S. Inflation Reached a New Four-Decade High in June, Economists Estimate

  • 📰 WSJ
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

United States Headlines News

Inflation is estimated to have reached a new four-decade high in June, but falling gasoline prices and discounting at some retailers could be signs of moderating price pressures, economists say

Rising housing costs are putting pressure on prices, but lower gasoline costs and a glut of retail goods could be turning point in inflation surge

As inflation climbs in the U.S., rising food and energy costs have pushed the nation’s most popular price index to its highest level in four decades. WSJ’s Gwynn Guilford explains how the consumer-price index works and what it can tell you about inflation. Illustration: Jacob Reynolds

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Will you quit blaming this on anything except for biden

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

White House braces for June inflation numbers to be ‘highly elevated’The White House on Monday prepared Americans for “highly elevated” inflation numbers when the Labor Department this week releases its consumer price index, a key gauge of inflation.
Source: WashTimes - 🏆 235. / 63 Read more »

US: Headline CPI to hit new high in June, but core prices to decline – TD SecuritiesOn Wednesday, June inflation data is due in the US. The CPI is expected to rise to a new post-COVID high. According to analysts from TD Securities, th
Source: FXStreetNews - 🏆 14. / 72 Read more »

TikTok with millions of views shows woman frying egg on Texas driveway during record hot JuneDuring the hottest June on record in south central Texas, the heat was enough to fry an...
Source: ExpressNews - 🏆 519. / 51 Read more »

June home sales: Cherry Creek takes top spot with $8.5M dealA Cherry Creek home has sold for $8.5 million, setting a neighborhood record for a single-family detached residence.
Source: denverpost - 🏆 13. / 72 Read more »

June 2022: U.S. dominated by remarkable heat, dryness(8 of 8) 2022 (January – June) precipitation total was 13.84 inches — 1.47 inches below average — ranking in the driest third of the record. StateOfClimate NOAANCEI What about the Geoengineering programs? NOAANCEI So do you plan to expose the government and private industry weather manipulation to prevent such costly events? No one is falling for your corporate-manufactured “climate change” fear mongering. NOAANCEI This is impacting insurance rates.
Source: NOAA - 🏆 160. / 63 Read more »

AUD/USD Eyes June 2020 Low After Failing to Defend July Opening RangeAUD/USD trades to a fresh yearly low (0.6714) amid weakness across the commodity bloc currencies, and the exchange rate may attempt to test the June 2020 low (0.6648) as it fails to defend the opening range for July.
Source: DailyFX - 🏆 305. / 63 Read more »