Key Points:

  • The Consumer Price Index (CPI) rose 0.2% in June after rising 0.1% in May.
  • CPI increased 3.0% from a year ago, down from 4.0% in May, and the lowest reading since March 2021.
  • CPI has slowed from the peak one year ago when prices were up 9.1% in June 2022.
  • The index for energy rose 0.6% over the month, food rose 0.1%, and shelter increased by 0.3% over the month.
  • The core CPI, which excludes food and energy, rose 0.2% in June and is up 4.8% from the previous year.
  • The energy index is down 16.7% and the food index is up 5.7% from the previous year.
  • The Right Facts will continue to monitor CPI.