Summary: US CPI jumps by 0.9% in June; nearly double expectations; “core” rate up 0.9%, double expected figure; “mostly transitory” given used-car contribution; rises in categories tied to reopening and temporary supply shortages may give Fed “more confidence” higher inflation rate temporary. The annual rate of US inflation as measured by changes in the consumer price index (CPI) halved from nearly 3% in the period from July 2018 to...