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Inflation rose 9.1% in June, even more than expected, as consumer pressures intensify

https://www.cnbc.com/2022/07/13/inflation-rose-9point1percent-in-june-even-more-than-expected-as-price-pressures-intensify.html

·       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.