US inflation surpasses expectations in largest uptick since 2008

12-month rate of 5.4% beats market expectation of 4.9%.

Mike Sheen
clock • 2 min read
US inflation surpasses expectations in largest uptick since 2008
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US inflation surpasses expectations in largest uptick since 2008

US inflation came in higher than expected in June as the Bureau of Labor Statistics reported the largest one-month and 12-month increases since 2008.

The Consumer Price Index for All Urban Consumers rose by 0.9% in June, up from 0.6% in the previous month, while the 12-month rate was at 5.4%, beating a market expectation of 4.9%. As used car and...

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