Just released: “US inflation at 9.1 percent, a record high,” at reported by PBS this morning.
“Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June ….
… the government said Wednesday, the biggest yearly increase since 1981, and up from an 8.6 percent jump in May. On a monthly basis, prices rose 1.3 percent from May to June, another substantial increase, after prices had jumped 1 percent from April to May ….
Grocery prices have jumped 12.2 percent compared with a year ago, the steepest such climb since 1979. Rents have risen 5.8 percent, the most since 1986. New car prices have increased 11.4 percent from a year earlier. And airline fares, one of the few items to post a price decline in June, are nevertheless up 34 percent from a year earlier ….