The data is in and it’s now confirmed that US inflation has reached a new 40-year record high. On Wednesday, the Labor Department released the Consumer Price Index (CPI) report for June, showing it increased 9.1 percent from a year ago. The CPI measures a range of prices from gas, groceries, cars and furniture to name a few.
Governor Chris Sununu of New Hampshire said US Treasury Secretary Janet Yellen would have been fired if he were president for misleading Americans about inflation. During an interview Sunday, the Republican stressed a recession is, in fact, coming.