INFLATION RISES TO 2.7%, IN LINE WITH EXPECTATIONS

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Key Points:

  • The Consumer Price Index (CPI) rose 0.3% in June, after rising 0.1% in May.
  • CPI increased 2.7% from a year ago, up from 2.4% in May, but in line with expectations.
  • The index for shelter rose 0.2%, the index for food rose 0.3%, and the energy index rose 0.9% over the month.
  • The index for food at home rose 0.3% and food away from home rose 0.4%.
  • The core CPI, which excludes food and energy, rose 0.2% in June and is up 2.9% from the previous year.
  • The energy index is down 0.8%, the food index is up 3.0%, and shelter is up 3.8% from the previous year.
  • The Right Facts will continue to monitor CPI.