Markets Sell Off on Another Hot Inflation Report
07/13/2022
The headline consumer price index (CPI) rose +1.3% month-over-month in June, topping forecasts with the largest single month increase since September 2005. On a year-over-year basis, overall CPI was increasing at a +9.1% pace, well above the +8.8% median forecast and the hottest consumer inflation in more than 41 years.