US consumer inflation likely increased at a slow pace in June as gasoline prices retreated
US consumer inflation is expected to have risen slowly in June, driven largely by a retreat in gasoline prices.
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The brief
Consumer inflation in the United States likely saw a slow increase during June. According to Reuters, this trend is attributed to a retreat in gasoline prices.
Coverage from Morningstar indicates that economists anticipate the biggest CPI drop in years, though core inflation is described as remaining sticky. NBC News reports that experts believe price pressure has not yet ended despite the cooling seen in June.
Attention remains on the upcoming June inflation data, as detailed in reporting from the Wall Street Journal.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 4m ago.
Quick answers
Why is inflation expected to have slowed in June?
According to Reuters, gasoline prices retreated.
What is the outlook for core inflation?
Morningstar reports that economists expect core inflation to remain sticky.
Do experts believe price pressures have ended?
No, experts cited by NBC News state that price pressure is not over even if inflation cooled in June.
Coverage (8)
- Falling gas prices likely cut inflation last month but renewal of Iran war could undo progress AP News · 7h ago
- CPI Report Live Updates: Inflation Data to Show Effects of Volatile Energy Prices The New York Times · 7h ago
- June's inflation report comes out today. Here's what to expect. Business Insider · 7h ago
- Trump was finally getting good inflation news- Then oil prices explode The Independent · 7h ago
- Even if inflation cooled in June, experts say price pressure isn’t over NBC News · 7h ago
- Why Economists Expect Biggest CPI Drop in Years While Core Inflation Remains Sticky Morningstar · 7h ago
- What to Know About June’s Inflation Data WSJ · 7h ago
- US consumer inflation likely increased at a slow pace in June as gasoline prices retreated Reuters · 7h ago
Topics
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