Inflation leaped in June to four-decade high
Clip: 07/13/2022 | 5m 38s | Video has closed captioning.
U.S. inflation catapulted to a four-decade high for June. The consumer price index, or CPI, a measure of goods and services related to the cost of living, spiked 9.1% from a year ago. That's higher than economists had expected and marks the fastest pace for inflation since 1981 -- squeezing pockets and family budgets and further slowing down an already sluggish economy.
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