CPI climbed 0.9% last month. Economists polled by The Wall Street Journal had estimated a 0.5% advance

The rate of inflation in the 12 months ended in June climbed to 5.4% from 5%.

The last time prices rose that fast was in 2008, when oil hit a record $150 a barrel.

MarketWatch 13 July 2021



‘I worry about inflation. I do not believe inflation is going to be transitory"
Larry Fink, chairman and CEO, BlackRock Inc.,the world’s largest asset manager
MarketWatch 14 July 2021


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