US Inflation Hits New 6-Year High; Consumer Prices Ebb in June

The pace of annual inflation continued at a fresh, more than six-year high even as consumer prices barely picked up in June.

American consumers paid more last month for food, shelter and gasoline, according to U.S. government figures released Thursday, July 12, 2018. The cost of these same items surged from a year earlier with their annual increases ranging from 1.4% to 24.3%. Continue reading US Inflation Hits New 6-Year High; Consumer Prices Ebb in June