U.S. inflation rose 0.2% in June from May and 3% annually, according to the Bureau of Labor Statistics. See potential biases and similarities in reports from cnnbusiness, foxbusiness and cnbc:
The 3% annual jump in the consumer price index was the lowest since March 2021. Energy prices are down roughly 17% from a year ago, and prices of used cars and trucks are down roughly 5%.
Core prices, which exclude food and energy items, are up 4.8% from a year ago. Food prices are up 5.7% annually, and shelter prices are up 7.8%.The annual inflation rate has fallen for 12 straight months after peaking at 9.1% last June, but prices of many items continue to rise.
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