US inflation hits 13-year high in June
by Ed Helmore from Economics | The Guardian on (#5M553)
Jump in consumer prices will ratchet up pressure on Federal Reserve to tighten monetary policy
US inflation hit a 13-year high in June, driven by a rise in the cost of used cars.
Consumer prices rose 5.4% in the 12 months to the end of June, up from 5% the previous month, the largest increase since August 2008.
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