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17 Jul 2015
US CPI rises 0.1% as expected in June
FXStreet (Mumbai) - The official data released in the US on Friday showed the inflation as measured by the consumer price index (CPI) rose 0.1% in June, matching the estimate of a 0.1% rise. CPI had stalled in May. Month-on-Month, the CPI rose 0.3% in June, compared to a 0.4% rise seen in May.
Core CPI ticks higher in June
The cost of living in the US excluding food and fuel ticked higher in June, a sign inflation may be inching towards the Federal Reserve’s goal.
Core CPI rose 1.8.% year-on-year in June, matching the estimate of a 1.8% rise. The previous month’s print stood at 1.7%. Month-on-month core CPI rose 0.2% as expected.
About two-thirds of the increase in the core rate was caused by rising rents. Rents of primary residences climbed 0.4%, the most since August 2013.
Core CPI ticks higher in June
The cost of living in the US excluding food and fuel ticked higher in June, a sign inflation may be inching towards the Federal Reserve’s goal.
Core CPI rose 1.8.% year-on-year in June, matching the estimate of a 1.8% rise. The previous month’s print stood at 1.7%. Month-on-month core CPI rose 0.2% as expected.
About two-thirds of the increase in the core rate was caused by rising rents. Rents of primary residences climbed 0.4%, the most since August 2013.