Inflation rose just 0.2% in June, less than expected as consumers get a break from price increases

• The consumer price index rose 0.2% in June and was up 3% from a year ago, the lowest level since March 2021.
• Excluding food and energy, core CPI increased 0.2% and 4.8%, respectively.
• Soft gains in food prices and declines in used vehicle and airline prices helped keep inflation down, while shelter prices continued to rise.
• Worker wages adjusted for inflation increased 1.2% from a year ago.

CPI June 2023: Inflation rose just 0.2%, less than expected as consumers get a break (cnbc.com)