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Consumer prices shot up 0.9% in June as rate of inflation remains at 13-year high

Prices for goods and services, excluding food and energy, shot up 0.9% in June on a month-over-month basis, according to the Core Consumer Price Index reading published this morning.

Why it matters: That’s an an uptick from May’s monthly change of 0.7%. Economists were expecting an increase of 0.4%.

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