More News From Joe Biden’s America: Inflation Surges In The Fastest Spike Since 2008

Inflation rose 5.4 percent during the 12-months leading up to June, a report from the Department of Labor indicated, marking the fastest spike in 13 years, There was a 0.9 percent consumer price index (CPI) spike during the months of May and June, the report released Tuesday showed. Core inflation went from 3.8 percent to 4.5 percent. In response, The Dow Jones Industrial Average dropped 90 points — 0.26 percent — and the S&P 500 by 0.18 percent. The Nasdaq fell by 0.1 percent.

RELATED: New concern for Biden: Could Larry Summers be right about inflation?

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