US June core CPI YoY 2.9% vs 3.0% estimate.

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  • Prior month CPI MoM 0.1%. Core 0.1%
  • Prior month CPI YoY 2.4%. Core 2.8%
  • CPI MoM 0.3% vs 0.3% estimate
  • CPI Core MoM 0.2% vs 0.3% estimate
  • CPI YoY 2,7% vs 2.4% last month
  • CPI Core YoY 2.9% vs 2.8% last month

Unrounded:

  • CPI unrounded: 0.287% vs 0.081% last month.
  • Core unrounded 0.228% vs +0.130% last month

Details

  • Headline CPI (M/M): +0.2% in June

    • Shelter: +0.2% — primary driver of monthly increase

    • Energy: +0.9%

      • Gasoline: +1.0%

    • Food: +0.3%

      • Food at home: +0.3%

      • Food away from home: +0.4%

  • Core CPI (ex-food & energy, M/M): +0.2% in June (vs. +0.1% in May)

    • Increased: Household furnishings, medical care, recreation, apparel, personal care

    • Decreased: Used cars & trucks, new vehicles, airline fares

  • Headline CPI (Y/Y): +2.7% (up from +2.4% in May)

  • Core CPI (Y/Y): +2.9%

  • Energy (Y/Y): -0.8%

  • Food (Y/Y): +3.0%

The CPI is

This article was written by Greg Michalowski at www.forexlive.com.