Consumer Prices Rose 3.5% Annually in June, Below Expectations
The U.S. consumer price index (CPI) fell by 0.4% for the month of June due to a sharp decline in energy prices, bringing annual inflation down to 3.5%, below economists' expectations. Core CPI remained flat at an annual rate of 2.6%. The drop offers temporary relief from rising inflation.
Topics: consumer prices CPI economic data inflation