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The inflation rate followed by the Federal Reserve reaches its highest level since January 1982 at 6.8%

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Friday, July 29, 2022 - 20:05
Point Trader Group
The inflation rate followed by the Federal Reserve reaches its highest level since January 1982 at 6.8%

The inflation index, which the Federal Reserve uses as its main measure, jumped to a more than 40-year high in June, the Bureau of Economic Analysis reported Friday, July 29.

The PCE price index rose 6.8%, the largest year-on-year rise since the 6.9% level in January 1982.

The index rose 1% from May, marking its largest monthly rise since February 1981.

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