BREAKING NEWS

A key measure of inflation rose sharply in June, a gain that is sure to keep concerns over rising prices front and center for the government.

Tuesday, July 13, 2021 8:38 AM EST

The Consumer Price Index climbed by 5.4 percent in the year through June, the Labor Department said, as prices for used cars and trucks increased rapidly. The increase was more than the 5 percent increase reported in May and was the largest year-over-year gain since 2008.

Read the latest