Inflation soared in June to the fastest rate since November 1981
It shows inflation at the highest rate since November 1981.Listen to The Refresh: Insider's real-time news podcast.The Consumer Price Index climbed 9.1% in the year through June, according to new data published by theThat beats what economists surveyed by Bloomberg expected to see — a year-over-year rate of 8.8% through June. June's rate also surpasses the 8.6% year-over-year rate seen in May.Core inflation — which excludes volatile energy and food prices — climbed 5.
Wednesday's report showed food prices also increasing through the year, with a year-over-year rate of 10.4% in June. Energy prices also soared from the same time a year ago, with a year-over-year rate of 41.6%.
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