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Another surge in US inflation doesn’t faze markets We’re sorry, this service is currently unavailable. Please try again later. Dismiss July 14, 2021 11.51am Normal text size Advertisement If the spike in US inflation this year was supposed to be transitory, as the US Federal Reserve Board has consistently claimed, it is turning out to be quite a prolonged transition. The headline inflation number for June was expected to come in about 5 per cent higher than a year earlier, or a fraction lower. Instead it was 5.4 per cent, continuing a trend of surging inflation this year. So far this year the one-month inflation rate has climbed 0.3 per cent in January, 0.4 per cent in February, 0.6 per cent in March and 0.8 per cent in April. It dipped to 0.6 per cent in May before bouncing to 0.9 per cent last month to post another 13-year high. On the Fed’s preferred measure, core inflation (excluding food and energy) rose from 3.8 per cent in May to 4.5 per cent – its biggest ri

United statesJoe bidenMarket recapBusiness spectatorஒன்றுபட்டது மாநிலங்களில்ஓஹோ பிடென்சந்தை ரீக்யாப்வணிக பார்வையாளர்