Surging prices for gasoline, food and rent catapulted U.S. inflation to a four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve, with higher borrowing costs to follow. Consumer prices soared 9.1% compared with a year earlier, the government said this morning, the
US inflation reaches 40-year high of 9.1% in June
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
