IE 11 is not supported. For an optimal experience visit our site on another browser.

Growing concern as inflation hits 13-year high

01:41

According to the Bureau of Labor Statistics, inflation jumped nearly 1 percent from May to June. It’s up 5.4 percent compared to a year ago, the largest increase in 13 years. The Biden administration says the rise, brought on by the pandemic and economic recovery, is short-term.