US Inflation Surges To New 41-Year Record High, Gas Prices Continue To Soar

US Inflation Surges To New 41-Year Record High, Gas Prices Continue To Soar

Shoppers walk outside an outlet mall in Rehoboth Beach, Del., Saturday, June 4, 2022. President Joe Biden faces a delicate trade-off as he tries to help his fellow Democrats in the upcoming midterm elections. He needs U.S. consumers to pull back just enough so that inflation eases, but not so much that the economy risks plunging into a recession. (AP Photo/Patrick Semansky)

OAN NEWSROOM

UPDATED 8:23 AM PT – Friday, June 10, 2022

US inflation has reached a new 41-year record high. On Friday, the Labor Department released the Consumer Price Index (CPI) report for May. According to the data, inflation increased 8.6 percent from a year ago. This is worse than economists expectations of 8.3 percent.

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(*) https://www.oann.com/us-inflation-surges-to-new-41-year-record-high-gas-prices-continue-to-soar/