Economist: "The Biggest Threat" to Inflation Isn't Buried in the June CPI Report

Market Brief: Warsh Won't Bless The Cool CPI, But Bitcoin And Gold Surge Anyway

Headline CPI rose 3.5% y/y (vs 3.8% expected), core came in at 2.6%, and monthly prices fell 0.4%, the largest monthly decline and the first negative monthly print since the 2020 pandemic

Economist: "The Biggest Threat" to Inflation Isn't Buried in the June CPI Report

The June CPI report landed as the best inflation surprise of the year. Headline prices rose 3.5% year over year, down from 4.2% in May, and the monthly pullback was the biggest gap since April 2020. Yet the man who arguably has more real-time inflation dashboards on his screen than anyone in Washington is telling ... Economist: “The Biggest Threat” to Inflation Isn’t Buried in the June CPI Report

US consumer prices fall in June as energy costs drop

Consumer prices in the United States fell in June, largely because of a sharp decline in energy costs. The Consumer Price Index decreased by 0.4% from May on a seasonally adjusted basis, according to the U.S. Bureau of Labor Statistics. Prices were still 3.5% higher than a year earlier. It was the largest monthly fall since April 2020. Energy costs fell by 5.7% during June and were the main reason for the overall monthly decline. Gasoline price…

Inflation slowed sharply - but it may not last

News summary produced by Claude AI Consumer prices increased 3.5% in June compared to the previous year, according to Labor Department data released on Tuesday, marking a significant deceleration from May’s 4.2% annual rate, which had represented the highest figure in over three years. Energy prices were the primary driver of the month-over-month moderation, with overall consumer prices declining 0.4% in June versus a 0.1% increase in the prior…

June Consumer Price Index Shows Biggest Drop in 6 Years - Patriot Newsfeed

Inflation cooled considerably in June, with new government data showing consumer prices posted their largest monthly decline since 2020, driven primarily by falling energy costs and lower prices at the gas pump. According to the Department of Labor, the Consumer Price Index (CPI) fell 0.4 percent in June compared with May. Economists had expected a much smaller decline of 0.1 percent following May’s 0.5 percent increase. On an annual basis, cons…

Consumer Price Index Falls in June – tEDmag

This decline was the largest one-month decrease since April 2020.