Last December, when inflation was 6.8%, President Joe Biden reassured Americans that inflation had peaked – but, yesterday, the Bureau of Labor Statistic (BLS) reported prices rose 9.1% in June.
The Consumer Price Index (CPI), which is an indicator of inflation, rose 9.1% between June 2021 and June 2022, the Bureau of Labor Statistics (BLS) reported on Wednesday. That increase is “the largest 12-month increase since the period ending November 1981,” said the Bureau.
