In June, the core CPI in the United States rose by 2.9% year-on-year and 0.2% month-on-month, remaining below expectations for five consecutive months!
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Due to a significant drop in car prices, U.S. core inflation data has been below expectations for the fifth consecutive month.
On Tuesday local time, the U.S. Bureau of Labor Statistics released data showing that the U.S. CPI in June rose 2.7% year-on-year, slightly exceeding the expected 2.6%, with a previous value of 2.4%; the month-on-month increase of 0.3% met expectations, with a previous value of 0.1%.
Meanwhile, the U.S. core CPI in June rose 2.9% year-on-year, meeting expectations and higher than the previous value of 2.8%; the month-on-month increase slightly rebounded from the previous month's 0.1% to 0.2%, but was below the expected 0.3%, marking the fifth consecutive month below expectations.
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