Surging Inflation is a U.S. Phenomenon, Not a Global One - NewsBreak

After U.S. inflation surged 5.4% in June from a year earlier in its biggest monthly gain since August 2008, it once again rose 5.4% in July. Even when excluding food and energy components, inflation rose 4.3% year-over-year for the month of July. This surge in consumer prices seems to be unique to the United States, at least in comparison with the world's largest economies.