BLS: CPI increased 0.1% in June, Core CPI increased 0.3%

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From the BLS:

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in June on a seasonally adjusted basis, the same increase as in May, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.6 percent before seasonal adjustment.

The index for all items less food and energy rose 0.3 in June, its largest monthly increase since January 2018.

The all items index increased 1.6 percent for the 12 months ending June, a smaller increase than the 1.8-percent rise for the period ending May. The index for all items less food and energy rose 2.1 percent over the last 12 months, and the food index increased 1.9 percent. The energy index, in contrast, declined 3.4 percent over the last 12 months.
emphasis added

Inflation was above expectations in June. I’ll post a graph later today after the Cleveland Fed releases the median and trimmed-mean CPI.

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