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Market Watch: U.S. Inflation Climbs to New 41-year High of 9.1%, CPI Shows, as Gas Prices Surge

July 13, 2022
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Article by Jeffry Bartash in Market Watch

Surging gasoline prices last month drove the rate of U.S. inflation to a nearly 41-year peak of 9.1%, offering little hope of help soon for Americans suffering from a high cost of living.

The consumer price index jumped 1.3% last month, marking the third time in the last four months it’s topped 1%. Economists polled by The Wall Street Journal had forecast a 1.1% advance.

To read this article in Market Watch in its entirety, click here.

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