Huge blow to Republican economy as prices leap for everyday Americans<


Americans felt a sting at the grocery store last month.<



Overall inflation hit 2.7 percent in June compared to a year earlier, the Labor Department said Tuesday.<


凸 That is 0.3 percent higher than last month's 2.4 percent reading. Core inflation - which cuts out volatile food and energy prices — also saw an uptick to 2.9 percent. 'Today's CPI report was mostly in-line with ex-pectations,' Bret Kenwell, a US Investment Analyst at eloro, told DailyMail.com.


'The only problem is that those expectations had called for a rise in inflation, with year-over-year inflation hitting its highest level since Feb-ruary! So far, the markets have largely shrugged at higher pricing. Dow Jones Futures dropped modestly in the red, while Nasdaq and S&P futures are slightly up.