US consumer prices declined in June for the first time in six years and a key gauge of underlying inflation was little changed, taking some pressure off the Federal Reserve to raise interest rates.
The consumer price index fell 0.4% from May and was up 3.5% from a year earlier, according to Bureau of Labor Statistics data out Tuesday. Excluding food and energy, the index was flat from May and up 2.6% from a year earlier.
| Metric | Actual | Estimate |
|---|---|---|
| CPI MoM | -0.4% | -0.1% |
| Core CPI MoM | 0.0% | +0.2% |
| CPI YoY | +3.5% | +3.8% |
| Core CPI YoY | +2.6% | +2.8% |
© 2026 Bloomberg
#cpi #falls #time #core #gauge #unchanged