By Karen Stokes The June data of 3.0 percent surpassed expectations on multiple fronts, with headline inflation experiencing a decline of 0.1% on a monthly basis—something not seen since the early days of the pandemic. On an annual basis, headline inflation slowed to a 3% pace, from 3.3% in May. The Consumer Price Index, a […]
President Biden Releases Statement on June CPI Report
On Wednesday, the President released a statement on the June Consumer Price Index. “Good jobs and lower costs: That’s Bidenomics in action. Today’s report brings new and encouraging evidence that inflation is falling while our economy remains strong. Annual inflation has fallen each of the last twelve months and is now down to 3%,” said […]
Recent Inflation Report Data Higher than Expected
By Karen Stokes The U.S. Labor Department report on Friday, June 10 indicated that the Headline consumer-price index (CPI), increased 8.6% in May from a year ago, up from 8.3% the prior month, marking its fastest pace since December 1981. Core inflation excluding food and energy rose 6%. Both were higher than expected. On a […]