Consumer Prices Rise at the Fastest Pace Since 2012

July 13, 2018

In the last 12 months through June, the CPI has increased 2.9 percent, the biggest gain since February 2012. A tightening labor market and rising raw material costs are expected to push up the CPI through next year. Many analysts believe the upward trend in the CPI may give pause to the Fed regarding the timing and/or number of rate increases later this year and into 2019.