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.
· Adjusted for inflation, workers’ hourly wages fell 1% during the month and are down 3.6% from a year ago.