Tag: Federal Reserve

CPI Hits 2.7% in June, Fastest Since February as Food Prices Bite

U.S. inflation re-accelerated in June. CPI rose 2.7% year over year and 0.3% month over month, the biggest monthly gain since January. Core inflation came in at 2.9%, a touch below forecasts. Food prices climbed 3%, with eggs up 27.3%, coffee up 12.7%, and ground beef up 10.3%. The data hints at renewed price pressure after a softer start to 2025.