The U.S. Consumer Price Index (CPI) growth rate rebounded in June.
The U.S. Department of Labor announced on July 15 (local time) that the June CPI rose 2.7% compared to the same month last year.
This figure represents a 0.3% increase from the previous month. The growth rate rebounded from 2.4% in May, marking the highest level since 2.8% in February. However, both the year-over-year and month-over-month increases were in line with expert forecasts.
The core CPI, which excludes the volatile energy and food sectors, rose 2.9% year-over-year and 0.2% month-over-month, respectively. The core index growth rate was 0.1 percentage point below expert forecasts for both the year-over-year and month-over-month figures.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
