Consumer Price Index Summary - 2022 M06 Results
www.bls.gov

The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.3 percent in June on a seasonally adjusted basis after rising 1.0 percent in May, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 9.1 percent before seasonal adjustment.

It keeps going up. People were talking about peak inflation back in May. Lol.

  • adultswim_antifa [he/him]
    ·
    2 years ago

    If they succeed in reducing inflation by raising interest rates, it'll be by destroying the economy and the inflation will come back if/when the economy recovers. Inadequate output needs investment and that won't be fixed with low demand and high interest rates.