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U.S. inflation jumped by 9.1% in June, a four-decade high: Here’s what you need to know about inflation

Americans paid much higher prices for goods and services in June compared to a year earlier, as inflation continued to soar, the Bureau of Labor Statistics reported.

The consumer price index is one of the primary measures of inflation. CPI jumped to 9.1% last month from a year ago, above the 8.8% Dow Jones estimate. That marked the fastest pace for inflation in four decades.

Watch this video as CNBC’s Emily Lorsch explains inflation and what causes it.

This post has been syndicated from a third-party source. View the original article here.

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