U.S. inflation ran hotter than forecast, with headline CPI up 0.4% and core up 0.3% in the latest monthly reading, both 0.1 percentage point above consensus. Ju

U.S. inflation ran hotter than forecast, with headline CPI up 0.4% and core up 0.3% in the latest monthly reading, both 0.1 percentage point above consensus. Justin Wolfers said the data show inflation is still elevated and not yet back to normal.