Historic inflation hits households hard

Published August 2, 2022 12:00am ET



The highest inflation in more than four decades is making everything from shopping for groceries to taking a vacation much more expensive for consumers.

Inflation increased by 9.1% for the 12 months ending in June, according to the Bureau of Labor Statistics. That headline increase is the most since 1981 and is being felt across every sector of the economy, including for essential goods such as food and gas.

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