Inflation soars again in June, PCE shows, as shortages plague the U.S. economy

Inflation soars again in June, PCE shows, as shortages plague the U.S. economy
·3 min read

The numbers: Inflation in the U.S. rose sharply again in June and the increase over the past year remained at a 13-year high, raising the cost of living for consumers and casting a shadow over a strong economic recovery. The so-called PCE price index rose a sharp 0.5% in June, government figures show. A separate measure of inflation, the consumer price index, is running even hotter.

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