Consumer Prices See Moderate Increase in June
July 10, 2019
Inflation saw signs of life in June. The consumer-price index (CPI), which tracks the prices Americans pay for consumer goods, increased by 0.1 percent in June. The so-called “core” CPI, which strips out the volatile food and energy components, was up 0.3 percent from the month before. Year-over-year, the “core” CPI was up 2.1 percent in June.
Economists think that this month’s solid inflation is likely an outlier, and not a sign that the nation’s sluggish inflation pattern is at an end. They also think that the month’s numbers are unlikely to impact the Fed’s decision regarding interest rates.