While June CPI inflation was 2.7%, inflation is much higher in many basic necessities:

1. Utility Gas Inflation: +14.2%

2. Car Insurance Inflation: +6.1%

3. Electricity Inflation: +5.8%

4. Meat and Eggs Inflation: +5.6%

5. Car Repair Inflation: +5.2%

6. Homeowner Inflation: +4.2%

7. Hospital Services Inflation: +4.2%

8. Rent Inflation: +3.8%

9. Food Away From Home Inflation: +3.8%

Headline CPI inflation is now up for two straight months for the first time since January 2025.

Rate cuts remain distant.