The US Bureau of Labor Statistics published the latest Consumer Price Index (CPI) report on July 13, showing that inflation remains high, especially in the energy sector. The overall CPI increased by 1.3% in June 2022, and by 9.1% in the 12 months from June 2021 to June 2022. Energy prices in particular suffered a drastic increase of 7.5% in June alone, and a 12-month increase of 41.6%.