U.S. June CPI Growth Rate Rebounds to 2.7%, Meets Expectations

AFP Yonhap News

The U.S. Consumer Price Index (CPI) growth rate rebounded in June.

The U.S. Department of Labor announced on July 15 (local time) that the June CPI rose 2.7% compared to the same month last year.

This figure represents a 0.3% increase from the previous month. The growth rate rebounded from 2.4% in May, marking the highest level since 2.8% in February. However, both the year-over-year and month-over-month increases were in line with expert forecasts.

The core CPI, which excludes the volatile energy and food sectors, rose 2.9% year-over-year and 0.2% month-over-month, respectively. The core index growth rate was 0.1 percentage point below expert forecasts for both the year-over-year and month-over-month figures.

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