For a second straight instance, the annual pace of United States inflation ran the quickest in nearly 13 years, according to government data released Tuesday, July 13.
Food and energy prices maintained higher-than-desired increases from a month and a year earlier. Annual core inflation, which discounts both, posted its highest rate since late 1991. And again, used car and truck prices showed drastic gains.
The question still remains on whether the pick-up in inflation is transitory due to circumstances related to the pandemic. Continue reading Annual Inflation and Consumer Prices in June Rise Most Since 2008