US Inflation Jumps More than Expected in June
Source: Adobe/Deacon docs Annual inflation in the US hit 9.1% in June, or more than what analysts had expected, and up from 8.6% in May. (This is a developing story and is being constantly updated). In a month, prices jumped 1.3%, also more than expected. The so-called annual Core-CPI (consumer price index) – which excludes prices of food and energy - stood at 5.9%. According to a Bloomberg estimate, the headline inflation number for June was expected to come in at 8.8% annually, while the so-called Core-CPI (consumer price index) – which excludes prices of food and energy &ndash ; was expected to be 5.7%, down from 6% one month earlier. The number was estimated to come in high after White House spokesperson Karine Jean-Pierre during a press conference on Monday said she expects inflation to be “highly elevated.” At the same time, the White House took the opportunity to downplay the importance of the number, saying it is “b...