US CPI rose 0.2% mom in June, below expectation of 0.3% mom. CPI core (all items less food and energy) rose 0.2% mom, below expectation of 0.3% mom, the smallest 1-month increase since August 2021. Food index rose 0.1% mom while energy index rose 0.6% mom.
Over the last 12 months, CPI slowed from 4.0% yoy to 3.0% yoy, below expectation of 3.1% yoy. That’s the lowest reading since March 2021. Core CPI slowed from 5.3% yoy to 4.8% yoy, below expectation of 5.0% yoy. Energy index was down -16.7% yoy while food index was up 5.7% yoy.
 rose 0.2% mom, below expectation of 0.3% mom, the smallest 1-month increase since August 2021. Food index rose 0.1% mom while energy index rose 0.6% mom.){kind=link}