U.S. Inflation Rose 0.1% In June, Higher Than Expected

Summary

  • The monthly “headline” inflation number and core inflation for the month and year all came in higher than the consensus forecasts.
  • Overall U.S. inflation is being held down by declining gasoline prices, but core inflation is running at 2.1%, which is clearly “moderate” inflation.
  • The Federal Reserve probably won’t be swayed by these numbers, and will remain on track to begin lowering short-term interest rates this year.

The Consumer Price Index for All Urban Consumers increased 0.1% in June on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, “headline” inflation increased 1.6%.

Read my full analysis on SeekingAlpha.com

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About Tipswatch

Author of Tipswatch.com blog, David Enna is a long-time journalist based in Charlotte, N.C. A past winner of two Society of American Business Editors and Writers awards, he has written on real estate and home finance, and was a founding editor of The Charlotte Observer's website.
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2 Responses to U.S. Inflation Rose 0.1% In June, Higher Than Expected

  1. Lynne says:

    Will you be writing an article about the 10 year TIPS that will issue on 07/18/2019? I always find your advice valuable!

  2. Tipswatch says:

    Yes, my look at that 10-year TIPS should be live on Monday morning.

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