U.S. June Consumer Prices Expected to Fall 0.2% Month-over-Month, Driven by 15% Gasoline Drop

GAS-0.28%
According to analyst Eamonn Sheridan at Investinglive, U.S. consumer prices are expected to decline 0.2% month-over-month in June, the first decrease since the pandemic, driven entirely by a 15% drop in gasoline prices between mid-May and end-June. Annual inflation is forecast to ease from May's 4.2% to 3.8%. Core CPI is expected to rise 0.2% month-over-month, with annual core inflation moderating slightly from May's 2.9% to 2.8%.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments