The consumer price index increased 9.1% from a year ago in June, above the 8.8% Dow Jones estimate.

Excluding food and energy, core CPI rose 5.9%, compared with the 5.7% estimate.

Costs surged for gasoline, groceries, rent and dental care.

Adjusted for inflation, workers’ hourly wages fell 1% during the month and are down 3.6% from a year ago.

Source

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