U.S. June CPI Growth Rate Rebounds to 2.7%, Meets Expectations
The U.S. Consumer Price Index (CPI) growth rate rebounded in June.
The U.S. Department of Labor announced on July 15 (local time) that the June CPI rose 2.7% compared to the same month last year.
This figure represents a 0.3% increase from the previous month. The growth rate rebounded from 2.4% in May, marking the highest level since 2.8% in February. However, both the year-over-year and month-over-month increases were in line with expert forecasts.
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The core CPI, which excludes the volatile energy and food sectors, rose 2.9% year-over-year and 0.2% month-over-month, respectively. The core index growth rate was 0.1 percentage point below expert forecasts for both the year-over-year and month-over-month figures.
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