Consumer prices rose 0.9% last month, 5.4% compared to June 2020

The Consumer Price Index increased 0.9% in June on a seasonally adjusted basis after rising 0.6% in May, the Bureau of Labor Statistics reported Tuesday.

The increase, for all urban consumers, was the largest one-month change since June 2008 when the index rose 1%.

Over the last 12 months, the all-items index increased 5.4% before seasonal adjustment. This was the largest 12-month increase since a 5.4% increase for the period ending August 2008, the federal government also said. 

The increase is keeping inflation at the highest annual rate in 13 years as the U.S. economy continues to recover from the pandemic shutdown, according to The Wall Street Journal.