Consumer prices rose less-than-expected in June and inflation rose to 3% after surpassing 9% a year ago. Prices of basic consumer goods, excluding energy and food prices, were also below expectations. S&P 500 futures traded higher on Wednesday, closing close to a 14-month high on Tuesday.

CPI inflation decreased to 3% from 4% last month, since the increase in inflation caused by the increase in oil prices last June was not included in the 12-month calculation. Economists had expected inflation to drop to 3%.

The 1% consumer price index rose 0.2% this month, compared to expectations for an increase of 0.3%.
Core CPI rose 0.2% from May and missed expectations for a 0.3% increase. Annual financing cost decreased to 4.

This was an 8 percent increase from 5.3 percent in May and better than the 5 percent forecast. Core CPI inflation reached its highest level in 40 years with 6.6% in September.

Base item price decreases from 0.The 12-month change changed from 1% month-on-month to 1.3%. Prices for basic services increased by 0.3% compared to May, while the 12-month rate decreased to 6.2% from the 6-month rate. 6% in May.

Federal Reserve Chairman Jerome Powell said critical services are the maximum critical supply of spending for boom in the economic system, consistent with the branch of trade’s personal earnings and rate facts final month

The June CPI report showed that the price of commercial services, after deducting housing, rose 0.2% month-on-month after deducting from 0. 2% in May. Core services inflation to 3.2% from 4.2% in May. However, monthly data on healthcare costs reflect monthly data.

This partially reflects the 3.6 percent monthly decline in health insurance premiums. However, the CPI reporting system, which has focused on health insurance benefits for the last six years, does not produce timely and meaningful data.

Leave a Reply

Your email address will not be published. Required fields are marked *