Treasury Secretary Janet Yellen on Thursday stated that U.S. inflation is “unacceptably high” following a grim price level report that was issued by the Bureau of Labor Statistics a day before.
The Consumer Price Index, a key measure of inflation, rose 9.1 percent year-over-year in June—the highest figure since November 1981. Meanwhile, another indicator, the Producer Price Index, shot up to 11.3 percent, according to a government report released Thursday.
