US Consumer Prices Rise 3% In June

After rising 4% year-over-year in May, US inflation continued its descent last month, increasing 0.2% to an annualized 3%— slightly above forecasts calling for a print of 3.1%. Core CPI, which does not account for food and energy, was up 4.8% over the past 12 months, slightly below the prior month’s 5.3% and lower than expectations of 5%.

Information for this story was found via the DOL. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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