CPI inflation jumps in Jun. to 2.7% annual rate
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The Bureau of Labor Statistics reported that the consumer price index (CPI), a popular inflation gauge, increased in June to 2.7% on an annual basis as prices rose for consumers.
Consumer prices in the New York area, including Long Island, rose at a faster pace in June than in May, driven in part by higher costs for child care, housing and groceries, such as meat and eggs.
Take a look at how various financial markets are trading after the release of June's consumer-price index: stock futures, Treasury yields, the dollar, oil and gold.
On a monthly basis, the headline CPI rose 0.3 percent, which was in line with forecasts. Core CPI rose 0.2 percent versus an expected 0.3 percent.
The Labor Department’s consumer price index for June is expected to show that overall inflation rose 2.6 percent from June 2024. That’s up from a 2.4 percent pace in May.
The president is heaping criticism on Fed Chairman Jerome Powell as markets await the latest inflation numbers.
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Capital Market on MSNConsumer price inflation dips to lowest since Jan-19, food prices in negative zoneMinistry of Statistics & Programme Implementation announced today that year-on-year inflation rate based on All India Consumer Price Index (CPI) for the month of June, 2025 over June, 2024 is 2.10% (Provisional).
Retail inflation cooled to 2.1% in June, its slowest pace since January 2019, while wholesale inflation slipped to a 21-month low of -0.13%, the first negative print since October 2023, according to p