New Delhi: Inflation in the US rose to 9.1 percent in June, driven by rising oil, shelter and food prices. The increase in the inflation rate was the biggest 12-month increase since the period ending November 1981. The US Bureau of Labor Statistics said: “Over the past 12 months, the index for all goods rose 9.1 percent before seasonal adjustment. The Consumer Price Index for All Urban Consumers (CPI-U) rose by 1.0 percent in June after rising 1.0 percent in June.” grew by 1.3 per cent on a seasonally adjusted basis.
According to the bureau, the increase was broad-based, with indices for gasoline, shelter and food being the biggest contributors. The energy index rose 7.5 percent during the month and contributed nearly half of all items’ growth, with the gasoline index rising 11.2 percent and other major component indices rising as well. ,Also read: A little relief! Wholesale inflation dips to 15.18% in June,
The food index rose 1.0 per cent in June, as did food in the household index. The index for all goods – less food and energy – rose 5.9 percent over the past 12 months. The energy index rose 41.6 percent over the previous year, the biggest 12-month increase since the period ended April 1980. ,ALSO READ: Woman calls ‘sex work’ a professional experience on LinkedIn,
The food index rose 10.4 percent for the 12 months ended June, the biggest 12-month increase since the period ended February 1981.