Key inflation indicator jumps 3.6 percent, fastest rise in 30 years

Photo caption: The Commerce Department’s core personal consumption expenditures index had its biggest year-over-year jump in 30 years. Brandon Bell / Getty Images. Article by Will Feuer. New York Post – August 27, 2021.

A key inflation indicator rose 3.6 percent in July from last year — its biggest year-over-year jump in 30 years — as costs continued to build in the US economy, the feds said Friday.

The Commerce Department’s core personal consumption expenditures index has risen over a 12-month period, the most since May 1991. The reading met expectations from economists surveyed by Dow Jones. […]

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