June US Consumer Prices Rise as Expected, Core Price Gain Slower Than Expected

08:46 AM EDT, 07/15/2025 (MT Newswires) -- The US seasonally adjusted consumer price index, a measure of inflation, rose by 0.3% in June, as expected in a survey compiled by Bloomberg and following a 0.1% increase in May, according to data released Tuesday by the Bureau of Labor Statistics.

Core CPI, which excludes food and energy prices, rose by 0.2%, slower than the consensus estimate for a 0.3% increase. Core CPI rose by 0.1% in May.

Food prices increased by 0.3%, while energy prices were up 0.9%. Gasoline prices were up 1%.

Owners' equivalent rents rose by 0.3%, while regular rents rose by 0.2%. There were also notable prices gains for apparel and medical care services, but prices of both new and used vehicles declined.

CPI excluding food, energy and shelter rose by 0.3% after a flat reading in the previous month.

The year-over-year rates for overall and core CPI accelerated to 2.7% and 2.9%, respectively, from 2.4% and 2.8% in the previous month.

The monthly consumer price index, or CPI, reported by the Bureau of Labor Statistics, measures the index level of prices paid by consumers for a basket of goods and services such as food, energy, vehicle, medical care, apparel, and housing.

The core measure, which excludes food and energy due to their volatility, is closely watched by markets and the Federal Reserve as a sign of underlying inflation pressures.

Rising inflation is a sign of strong US consumer demand, but both stocks and bond normally react negatively to level of price growth that would necessitate higher interest rates.

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