🚨Here’s the latest U.S. CPI report for June👇
CPI rose 0.3% month‑over‑month, the largest monthly gain since January .
Year-over-Year Inflation: Increased to 2.7%, up from 2.4% in May .
Core CPI (excluding food & energy): was up 0.2% MoM, or 2.9% YoY, indicating steady underlying inflation .
Contributing factors: Gains driven by rising shelter (0.2%) and energy (0.9%) indexes, plus higher food costs (+0.3%) . Goods impacted by tariffs—like appliances, toys, furnishings—also showed sharp increases .
Market & Fed implications
Inflation matching expectations suggests no immediate Fed rate action, though tilt toward a potential rate cut by September remains uncertain .
Recent tariff-driven price increases add complexity to monetary policy decisions.
CPI data for June vrs May shows:
CPI (MoM) +0.3% +0.1%
CPI (YoY) +2.7% +2.4%
Core CPI (YoY) +2.9%
👉What does this mean?
Inflation remains above the Fed’s 2% target, with signs of tariff influence, particularly in goods prices.
There is no immediate change in interest rates, though rate cuts by September remain possible depending on upcoming data.
Next CPI release: July CPI scheduled for August 12, 2025 .
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