CONSUMER PRICES RISE 0.9% IN JUNE, UP 5.4% FROM A YEAR AGO

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Key Points:

  • The Consumer Price Index (CPI) increased 0.9% in June after rising 0.6% in May.
  • This was the largest 1-month change since June 2008 when the index rose 1.0%.
  • CPI increased 5.4% from a year ago, the largest 12-month increase since August 2008.
  • Used cars and trucks rose 10.5% in June, food rose 0.8%, and energy rose by 1.5%.
  • The core CPI, which excludes food and energy, rose 0.9% in June and is up 4.5% from the previous year.
  • The Right Facts will continue to monitor CPI.
Source