U.S. inflation climbs to new 41-year high of 9.1%, CPI shows, as gas prices surge

Consumer prices rise 1.3% in June A surge in prices drove the cost of a gallon of gas above $5 nationwide for the very first time in June. In some places prices were even higher, contributing to the worst inflation in almost 41 years. JUSTIN SULLIVAN/GETTY IMAGES The numbers: Surging gasoline prices last month drove the …

U.S. inflation climbs to new 41-year high of 9.1%, CPI shows, as gas prices surge Read More »