"The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in June on a seasonally adjusted basis after rising 0.2 percent in May," the U.S. Bureau of Labor Statistics reported on Thursday.
Key takeaways from the official publication
- The all items index rose 2.9 percent for the 12 months ending June; this was the largest 12-month increase since the period ending February 2012.
- The index for all items less food and energy rose 0.2 percent in June.
- The index for all items less food and energy rose 2.3 percent for the 12 months ending June.
- The food index increased 1.4 percent, and the energy index rose 12.0 percent, its largest 12-month increase since the period ending February 2017.
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