June CPI Decelerates from May, Driven by Drop in Energy Index
U.S. inflation decelerated in June, with the Consumer Price Index (CPI) declining 0.4% after increasing 0.5% in the previous month. A 5.7% drop in the energy index drove the monthly all-items decrease, more than offsetting increases in indexes for shelter and food, the Bureau of Labor Statistics said Tuesday. The…
Published by Connect CRE. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.