Inflation hit 9.1% in June, highest in more than 40 years
CBSN
Inflation hit a fresh 40-year record in June, with consumer prices increasing 9.1% over the last 12 months, the Labor Department said Wednesday. It's the fastest increase in prices since 1981.
Core inflation, which strips out volatile food and energy prices, rose 5.9% over the last 12 months, slowing its pace from May.
Gasoline, food and shelter drove the increases in June.
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