Consumer prices rose 3.5% annually in June, less than expected as energy prices eased

The consumer price index increased less than anticipated in June as energy prices eased, coming in below the projected 3.8% annual rate.

Justin Tomlinson

Editor-in-Chief, Mora Discover

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Consumer prices rose 3.5% annually in June, less than expected as energy prices eased

Consumer prices in June rose 3.5% on an annual basis, marking a slower rate of inflation than economists had anticipated. The consumer price index was widely expected to increase by 3.8% compared to the same period a year ago.[1][2]

The lower-than-expected inflation reading was driven in part by easing energy prices, which helped cool overall consumer costs during the month.[1][2]

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