Post by the Scribe on Jul 13, 2022 22:31:54 GMT
ECONOMY
No retreat in the summer heat. Inflation blistering at 9.1% in June
www.npr.org/2022/07/13/1111070073/no-retreat-in-the-summer-heat-prices-likely-topped-40-year-high-last-month
Updated July 13, 20228:39 AM ET
Heard on Morning Edition
SCOTT HORSLEY
Twitter
3-Minute Listen ondemand.npr.org/anon.npr-mp3/npr/me/2022/07/20220713_me_no_retreat_in_the_summer_heat_prices_likely_topped_40_year_high_last_month.mp3?orgId=1&topicId=1017&d=230&p=3&story=1111070073&dl=1&sc=siteplayer&size=3687698&dl=1&aw_0_1st.playerid=siteplayer
Transcript
Gas prices are displayed on a sign at a gas station in Williams, Ariz., on Wednesday, July 6, 2022.
Bill Clark/CQ-Roll Call, Inc via Getty Images
Record gasoline prices pushed inflation to a new, 40-year high last month. The Labor Department reported Wednesday that inflation hit 9.1% for the 12 months ending in June. Prices rose 1.3% between May and June, with energy costs accounting for nearly half the monthly increase.
more
No retreat in the summer heat. Inflation blistering at 9.1% in June
www.npr.org/2022/07/13/1111070073/no-retreat-in-the-summer-heat-prices-likely-topped-40-year-high-last-month
Updated July 13, 20228:39 AM ET
Heard on Morning Edition
SCOTT HORSLEY
3-Minute Listen ondemand.npr.org/anon.npr-mp3/npr/me/2022/07/20220713_me_no_retreat_in_the_summer_heat_prices_likely_topped_40_year_high_last_month.mp3?orgId=1&topicId=1017&d=230&p=3&story=1111070073&dl=1&sc=siteplayer&size=3687698&dl=1&aw_0_1st.playerid=siteplayer
Transcript
Gas prices are displayed on a sign at a gas station in Williams, Ariz., on Wednesday, July 6, 2022.
Bill Clark/CQ-Roll Call, Inc via Getty Images
Record gasoline prices pushed inflation to a new, 40-year high last month. The Labor Department reported Wednesday that inflation hit 9.1% for the 12 months ending in June. Prices rose 1.3% between May and June, with energy costs accounting for nearly half the monthly increase.
more