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US inflation surges again in June, raising risks for economy

Consumers fill up at a Shell gas station Wednesday, July 13, 2022, in Miami Beach, Fla. Consumer prices soared 9.1% compared with a year earlier, the biggest yearly increase since 1981. (AP Photo/Marta Lavandier) Delores Bledsoe, of Houston, Texas, fuels up her rig at a truck stop in Carlisle, Pa., Wednesday, July 13, 2022. (AP Photo/Matt Rourke) Delores Bledsoe, of Houston, Texas, fuels up her rig at a truck stop in Carlisle, Pa., Wednesday, July 13, 2022. (AP Photo/Matt Rourke) A person pays with cash at a Halal food truck, Wednesday, July 13, 2022, in New York. Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve, with higher borrowing costs to follow. Consumer prices soared 9.1% compared with a year earlier, the government said Wednesday, July 13, 2022, the biggest 12-month increase since 1981, and up from an 8.6% jump in May. (AP Photo/Julia Nikhinson) Delores Bledsoe, of Houston, Texas, replaces the nozzle after fueling up her rig at a truck stop in Carlisle, Pa., Wednesday, July 13, 2022. (AP Photo/Matt Rourke)
US inflation surges again in June, raising risks for economy