That’s the same as June’s 5.4 percent year-over-year rise in prices, which marked the biggest 12-month rise since August 2008, just before the financial crisis sent the US into the worst recession it had seen since the Great Depression.
— Read on nypost.com/2021/08/11/inflation-stays-high-as-prices-leap-5-4-percent-from-year-ago/amp/
Inflation was always going to be the outcome due to the continuous government spending over the past decades.