U.S. June CPI data came in softer than expected, according to PANews. The unadjusted consumer price index rose 3.5% year over year, below the market forecast of 3.8% and down from the previous reading of 4.2%. On a month-over-month basis, seasonally adjusted CPI fell 0.4% in June. PANews said that marked the largest decline since April 2020. The report was published on July 14. PANews also noted that the information was provided for market reference only and did not constitute investment advice. The release adds a fresh macro data point for markets tracking inflation and rate expectations.
U.S. unadjusted CPI for June rose 3.5% year over year, below the market forecast of 3.8% and lower than the previous reading of 4.2%.
Seasonally adjusted CPI fell 0.4% month over month in June, the biggest decline since April 2020.
PANews reported the figures on July 14 and said the content was for market information only and did not constitute investment advice.
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