The Consumer Price Index for All Urban Consumers increased 0.1% in June on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, "headline" inflation increased 1.6%.
Although the 0.1% number doesn't indicate brisk inflation, it was higher than the consensus estimate of 0.0% and matched the increase in May. The 12-month number of 1.6% matched the consensus estimate.
Core inflation, which removes food and energy, was up a surprising 0.3% in June, its largest monthly increase since January 2018. This topped the consensus estimate of 0.2%.