Americans paid much higher prices for goods and services in June compared to a year earlier, as inflation continued to soar, the Bureau of Labor Statistics reported.
The consumer price index is one of the primary measures of inflation. CPI jumped to 9.1% last month from a year ago, above the 8.8% Dow Jones estimate. That marked the fastest pace for inflation in four decades.
Watch this video as CNBC’s Emily Lorsch explains inflation and what causes it.
A realtor gives neighbors a tour during an open house at a home in Palm Beach Gardens, Florida, US, on Sunday, Jan. 11, 2026. Zak Bennett | Bloomberg | Getty Images Spring is traditionally the busiest season for home sales, and while this year’s market dynamics have shifted strongly in favor of buyers, broader forces […]
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Warner Bros. Discovery CEO David Zaslav’s potential payout of more than $800 million from the Paramount Skydance deal highlights an obscure tax rule originally designed to limit CEO pay. According to SEC filings, Zaslav could collect hundreds of millions of dollars in severance and other stock awards and payments following Paramount’s acquisition of WBD. The […]
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A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Washington state’s proposed new income tax includes the largest “marriage penalty” in the nation, placing higher taxes on certain couples who file jointly, […]
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