US: Inflation rose less than expected in June – UOB – by pabspiovano Inflation CPI UnitedStates Banks
Senior Economist at UOB Group Alvin Liew reviews the latest release of US inflation figures .US headline consumer price index increased by 0.2% m/m, 3.0% y/y in Jun , below Bloomberg estimates and the lowest headline inflation reading since Mar 2021 and the third below 5% print in a row. Core CPI also rose at a slower than expected pace, coming in at 0.2% m/m, 4.8% y/y in Jun , compared to 0.4% m/m, 5.3% y/y in May.
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