US CPI back above zero on fuel, meats; rents increases slow substantially

14 July 2020

 

Summary:  June CPI increases in line with expectations; both headline and core figures back above zero for month; fuel prices, car insurance premiums up; food, especially meats, up; small rent increases suggest core inflation likely weak “for some time”.   The annual rate of US inflation as measured by changes in the consumer price index (CPI) halved from nearly 3% in the period from July 2018 to February 2019. It...

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