The Urban Consumer Price Index (CPI-U) declined 0.1% on a seasonally adjusted basis in June, after remaining steady in May. In the past 12 months, the index has risen 3.0% before the seasonal adjustment.
The gasoline price index fell 3.8% in June, after falling 3.6% in May. However, the decline in gasoline prices was partially offset by an increase in shelter prices. The energy index also fell by 2.0% during the month, reflecting the decline that occurred in the previous month.
The food index rose 0.2% in June, with the outdoor food index up 0.4% over the month, while the in-home food index increased by 0.1%.%.
All items except food and energy rose 0.1% in June, after rising 0.2% in the previous month. Indicators that saw a rise in June included shelter, vehicle insurance, home furnishings, operations, medical care and personal care. While the price indices of airline tickets, used cars, trucks and telecommunications decreased during the month.
For the 12 months to June, the all-item index rose 3.0%, a smaller increase than the 3.3% increase recorded in the 12 months to May. The index of all items except food and energy rose by 3.3% over the past 12 months, the smallest increase recorded in this index since April 2021. The energy index rose by one percent in the 12 months ending in June, while the food index rose. Unfortunately, I can’t create an interactive graph using HTML in the chat interface. However, I can help you provide a static graph that displays the data mentioned in your question. You can use the chart to visualize trends and changes in the CPI.
Bond yields fall amid slowing inflation and expectations of interest rate cuts
Treasury yields fell after inflation data in June showed a greater slowdown than economists expected, and the index is usually regularly published by the official authorities responsible for issuing it, giving investors and those interested in the economy access information about price changes and economic inflation in their country, which has increased implicit expectations in the market for interest rate cuts at least twice by the Fed this year.
Yields across the maturity spectrum fell by at least seven basis points, with two- to ten-year bond yields falling by at least 10 basis points.
Treasury yields have been on a downward trend since hitting year-to-date highs in late April. Yields fell even as forecasters backed short of expectations of a July rate cut.
The number of Americans filing new applications for unemployment benefits fell more than expected last week, but volatility at this time of year as automakers stop retooling makes it difficult to get a clear reading of the labor market.
The U.S. Department of Labor said Thursday that initial claims for state unemployment benefits fell by 17,000 to a seasonally adjusted level of 222,000 in the week ending July 6, the lowest level since late May. There are 236,000 claims expected in the last week
Federal Chair Jerome Powell this week pointed to risks to the labor market, telling lawmakers: “We’ve seen a significant decline.” Financial markets believe this, coupled with easing inflation pressures, opened the door for the US central bank to start cutting interest rates in September.
Consumer Price Index: A Key Measure of Inflation and Purchasing Power in Global Economies
The Consumer Price Index (CPI) is a measure used to measure the change in the average prices of goods and services held by consumers in a particular group of countries or regions. The CPI index is one of the main measures to measure economic inflation and changes in the purchasing power of the national currency..
The CPI is calculated by comparing the average prices of specific goods and services in a period of time with their average prices in a previous base period. The process of calculating the CPI index consists of collecting data about prices from retail stores, service providers, manufacturers, etc., and analyzing this data to determine changes in the price level..
The CPI index is very important for governments, central bankers, investors and economists, as it provides valuable information about inflation and price changes, which affect monetary and investment policies and important economic decision-making..
The rise in the CPI reflects an increase in the average prices of goods and services, thus indicating economic inflation. Key aspects monitored in the CPI are food, housing, transportation, healthcare, education and entertainment..
It should be noted that the CPI index does not necessarily reflect individual changes in the cost of living per individual, as a certain weight is placed for each category of goods and services based on the percentage of spending on them by consumers in general. The CPI is also sometimes adjusted to reflect changes in consumer consumption behavior and preferences..
The CPI varies from country to country and region to region, with specific methodologies applied to calculate it and regularly updated in accordance with international standards. The CPI is usually regularly published by the official authorities responsible for issuing it, giving investors and those interested in the economy access information about price changes and economic inflation in their country.
