A key U.S. inflation gauge reaches 6.8% as prices keep surging

Associated Press

07/29/2022

Consumer Confidence — AN INFLATION GAUGE that is closely tracked by the Federal Reserve jumped 6.8% in June from a year ago, the biggest increase in four decades, and leaving Americans with no relief from surging costs. / GENE J. PUSKAR / ASSOCIATED PRESS

WASHINGTON (AP) – An inflation gauge that is closely tracked by the Federal Reserve jumped 6.8% in June from a year ago, the biggest increase in four decades, and leaving Americans with no relief from surging costs. Friday's figures from the Commerce Department underscored the persistence of the inflation that is eroding Americans' purchasing power,…

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