The U.S. Bureau of Labor Statistics reported that the Consumer Price Index (CPI) rose 3.5% in June compared to the same month last year. This marks a significant slowdown from May's increase of 4.2% and falls below the Dow Jones estimate of 3.8%.
On a month-to-month basis, the CPI decreased by 0.4 percentage points.
Excluding food and energy, the core CPI increased by 2.6% year-over-year in June, remaining unchanged from the previous month.
* This article has been translated by AI.
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