Daily Business BriefingAug. 11, 2021Updated Aug. 11, 2021, 12:39 p.m. ETAug. 11, 2021, 12:39 p.m. ET
July 2021
+5.4%
GREAT
RECESSION
PANDEMIC
RECESSION
July 2021: +5.4%
PANDEMIC
RECESSION
GREAT
RECESSION
Consumer prices rose at a rapid clip again in July, gains that could be problematic for both Federal Reserve officials and the Biden White House.Prices increased by 5.4 percent last month compared with a year earlier, the Labor Department’s Consumer Price Index showed on Wednesday. The inflation measure rose 0.5 percent from June.The annual gain was slightly more than the 5.3 percent jump expected by economists, according to the median prediction of those surveyed by Bloomberg. The monthly gain …
