CPI Report Shows Inflation Flat in June

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Economic Update: Consumer Price Index

The Consumer Price Index for June was unchanged which was in line with the consensus estimates.

Last 12 months’ readings for comparison purposes:

• May: -0.3%
  
• April: 0.0%
  
• March: +0.3%
  
• February: +0.4%
  
• January: +0.2%
  
• December: 0.0%
  
• November: 0.0%
  
• October: -0.1%
  
• September: +0.3%
  
• August: +0.4%
  
• July: +0.5%
  
• June: -0.2%

On a year-over-year basis, CPI has risen +1.7%.

When you strip out food and energy, the so-called Core CPI came in with a gain of +0.2%, which was in line with the expectations for an increase of +0.2%.

And on a year-over-year view, the core rate is up +2.2%.

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Other stories on the US Economy to review:

• Empire Manufacturing Improves in July
  
• Retail Sales Disappoint in June
  
• PPI Up in June
  
• Import/Export Prices Down in June
  
• NFIB Small Business Optimism Index Pulls Back Again
  
• Jobs Report Disappoints Again in June
  
• ISM Non-Manufacturing Index Disappoints in June
  
• ADP Employment Surprises to Upside
  
• Challenger Planned Job Cuts Best in Year
  
• Factory Orders BTE in May
  
• Construction Spending Above Consensus in May
  
• ISM Manufacturing Plunges in June
  
• Chicago PMI Headline Improves But...
  
• US GDP Grew at +1.9% Rate in Q1
  
• Durable Goods Up for First Time in 3 Mos
  
• Richmond Fed Index Declines for Third Month
  
• Consumer Confidence Falls Again in June
  
• Case-Shiller Home Price Index Improves
  
• Chicago Fed National Activity Index Falls in May
  
• Existing Homes Sales Fall But Prices Rises
  
• LEI Rises in May: Points to "Muddle Through"
  
• Philly Fed Plunges in June
  
• Housing Starts Down But Permits Up
  
• Industrial Production and Capacity Utilization Below Expectations

 

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