US inflation down from 3.3% to 3% in June - Breaking The News
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US inflation down from 3.3% to 3% in June

Economy
Christian Baha / AB

1 min read

EPA-EFE/CAROLINE BREHMAN

The annual inflation in the United States clocked in at 3% in June, falling from May's figure of 3.3%, the Labor Statistics Bureau shared in its report on Thursday. The figure came in lower than the analysts estimated.

Month on month, the consumer price index (CPI) slipped by 0.1%. The energy index increased by 1% for the 12 months ending June, while the figure was 2.0% lower on a monthly basis. The food prices gained 2.2% in comparison to the same timeframe in 2023, with the monthly reading rising 0.2%.

The core inflation, excluding volatile categories of food and energy, was at 3.3% year-on-year, compared to 3.4% in May. Month-on-month, core inflation rose by 0.1%, less than initially forecasted.

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