U.S. inflation hits a 40-year high in June, but Biden points to decreasing gas prices

Consumer prices for all items increased 9.1% for the 12 months ending in June compared to last year

By: - July 13, 2022 3:34 pm
Joe Biden

President Joe Biden delivers remarks Feb. 18, 2022, in the Roosevelt Room at the White House. (Erin Scott/Official White House photo)

WASHINGTON — U.S. inflation reached a 40-year high for June as prices for gas, food and rent increased, according to the latest Consumer Price Index from the Bureau of Labor Statistics on Wednesday.

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Ariana Figueroa
Ariana Figueroa

Ariana covers the nation's capital for States Newsroom. Her areas of coverage include politics and policy, lobbying, elections and campaign finance.