Seriously burst the meter! The annual rate of CPI growth in the United States in June reached the highest level in nearly 13 years.

At 08:30 EDT on Tuesday, the CPI report, a key indicator of US inflation, reported that the US CPI recorded an annual rate of 5.4 per cent in June, the highest level since August 2008. The monthly rate was 0.9%, the highest since June 2008.

The report also shows that core CPI grew at an annual rate of 4.5 per cent in June, with an expected growth of 4.0 per cent and a previous increase of 3.8 per cent. The core CPI grew at a monthly rate of 0.9% in June, with an expected growth rate of 0.4%, and the previous value increased by 0.7%.

After the data were released, the dong: gold price plummeted $10 in the short term, falling as low as $1803.20 / ounce. Data show that 4689 COMEX gold futures contracts were sold instantly at 20:30 on July 13 in Beijing, with a total value of US $847 million.

After the release of the CPI data, the yield on the 10-year Treasury note jumped from 1.348 per cent to 1.379 per cent. U. S. stock index futures fell. Dow futures fell 0.31%, S & P 500 futures fell 0.26%, and Nasdaq futures fell 0.12%.

The dollar index rose 20:00; the euro fell more than 30 points against the dollar in the short term; the pound fell more than 50 points against the dollar in the short term; the dollar rose 20:00 in the short term; the Australian dollar fell 40 points against the dollar in the short term; the New Zealand dollar fell 40 points against the dollar in the short term.

According to some comments, data from the US Department of Labor show that the monthly rate of CPI rose 0.9% after the quarterly adjustment in June, and the annual rate of non-quarterly adjustment of CPI was 5.4%, of which used cars accounted for 1/3 of the increase in CPI. CPI data rose more than expected as rising commodity and labour costs associated with economic restart continued to exacerbate inflationary pressures.