Federal Reserve

Core Inflation Hits Highest Level in 30 Years

Excluding food and energy, consumer prices were 3.5 percent higher last month than they were in June 2020, the briskest pace of inflation since the summer of 1991 and an acceleration from a month ago.

US President Joe Biden takes off his face mask before speaking about Covid vaccinations in the East Room of the White House in Washington, DC, July 29, 2021. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)