The acceleration in prices has unsettled financial markets
GDP growth in the current April-June period is expected to be even faster
The quickening pace of growth has raised fears among some analysts that inflation could rise uncomfortably quickly
Gas prices drove the increase
Economists expect further price gains in coming months
An annual target is best for financial planning, consultation participants said
Large consumer price increases are an exception, not a rule, says an RBC report
Fund managers are eyeing rising inflation and the rotation to value as they adjust strategies after a challenging pandemic year
The U.S. central bank also upgraded its growth and inflation forecasts
The monthly result was the largest percentage gain since February 2020