U.S. inflation hits new 40-year high in June as gas, food prices surge - The Globe and Mail

U.S. consumer prices soared 9.1% compared with a year earlier, further pressuring households and likely sealing the case for another large interest rate hike

A motorist fills up a vehicle at a Shell gas station in Commerce City, Colo., on July 4.David Zalubowski/The Associated Press Surging prices for gas, food and rent catapulted U.S. inflation to a new… [+7848 chars]

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