Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

U.S. Consumer Prices Increased in June by More Than Forecast

Economic IndicatorsJul 13, 2021 08:36AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. U.S. Consumer Prices Increased in June by More Than Forecast

(Bloomberg) -- Prices paid by U.S. consumers increased in June by more than expected as higher commodity and labor costs associated with the economy’s reopening continued to fuel inflationary pressures.

The consumer price index jumped 0.9% in June and 5.4% from the same month last year, according to Labor Department data released Tuesday. Excluding the volatile food and energy components, the so-called core CPI also rose 0.9%, and increased 4.5% from June 2020.

Used vehicles accounted for one third of the gain in the CPI last month, the agency said.

The median forecasts in a Bloomberg survey of economists called for a 0.5% gain in the overall CPI from the prior month and a 4.9% year-over-year increase.

 

 

U.S. Consumer Prices Increased in June by More Than Forecast
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (18)
NUNO LOUREIRO
NUNO LOUREIRO Jul 13, 2021 9:38AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
It's only transitory.. Well, 1 month, 1 year, 10years everything is transitory depends on the perspective :-)
Kian Amini
Kian Amini Jul 13, 2021 9:32AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Yes, fed know what they are doing(keep pumping) ....lol....they always take action after the wheels fall off NOT before, not any different this time
Jurgen Daub
Jurgen Daub Jul 13, 2021 9:28AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
all change is transitory, question is how long it will take to get to the next transitory change
JAMES CUNHA
JAMES CUNHA Jul 13, 2021 9:20AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
this inflation is only "transitory!" 🤣
Gilbert Makombe
Gilbert Makombe Jul 13, 2021 9:16AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
How can the Dollar strengthen? Because its Transitory?
Akseli Köngäs
Akseli Köngäs Jul 13, 2021 9:16AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Because it will force the fed to raise intrest rates, which in turn is bullish for the dollar
YouTube Account
YouTube Account Jul 13, 2021 9:16AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Akseli Köngäs  At his point they would have to raise rates to 9% to get a net positive real rate. Ain't happening.
Wojciech Stefaniak
Wojciech Stefaniak Jul 13, 2021 9:15AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Highly-paid so-called analysts and their forecast??? I asked WC cleaner and got the exact data.
Theo Ross
Theo Ross Jul 13, 2021 9:13AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Here comes a red day
Gilbert Makombe
Gilbert Makombe Jul 13, 2021 9:13AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
For the stock market?
Stan Smith
Stan Smith Jul 13, 2021 9:12AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
No worries. all coming stock loses will be erased by tomorrow. Inflation is baked in right? What a farce these markets are. Plus they hammer PMs to discourage investing in real money. Its all about the phony paper game
Jouni Matero
Jouni Jul 13, 2021 9:06AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
"consumer prices increase A LOT" you meant to say?
Hùng Nguyễn Trọng
Hùng Nguyễn Trọng Jul 13, 2021 9:04AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
it's ok guys, this inflation is only transitory, expect cpi to return to normal soon, maybe in 2 or 3 months... or years... give or take
Carlos GV
Carlos GV Jul 13, 2021 9:04AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
LOL inflation alone isn't gonna crush the stock markets... let's hope for the best
YouTube Account
YouTube Account Jul 13, 2021 9:04AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Carlos GV  the stock bubble rages on even during hypeinflation events. See: Brazil, Zimbabwe, Argentina, Weimar Republic, etc. Too soon to call this a HI event, but the Fed is locked into negative real rates and massive QE because as soon as they tighten the economy will collapse.
Jurgen Daub
Jurgen Daub Jul 13, 2021 8:58AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
60 pct increase in companies profit has to come from somewhere and has to do something
CHADWICK RICHINGTON
CHADWICK RICHINGTON Jul 13, 2021 8:51AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Huge housing crash coming soon
Carlos GV
Carlos GV Jul 13, 2021 8:51AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
the word "soon" doesnt mean anything in investnent terms... long-term investors wont be significantly affected by that!!
CHADWICK RICHINGTON
CHADWICK RICHINGTON Jul 13, 2021 8:51AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Carlos GV yes they will.
Kelly Mayer
Kelly Mayer Jul 13, 2021 8:51AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
why is stuff in red territory?
Me comment
Me comment Jul 13, 2021 8:51AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
You don't belong investing if you don't know and have to ask that question.
Kelly Mayer
Kelly Mayer Jul 13, 2021 8:51AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Me comment oh... so you can predict which positive events and negative events offset each other and dictate market tendencies? wow. you must be a gifted financial guru then. They should gather a crowd around you so they can applaud you.
Darren Hunt
Darren Hunt Jul 13, 2021 8:50AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
well your giving money away so this is expected 🙄
Hank Reardon
Hank Reardon Jul 13, 2021 8:46AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Spin this one Jpowell
michael brennick
michael brennick Jul 13, 2021 8:45AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
best ROI just buy hunter bidens artwork
Han Solo
Han Solo Jul 13, 2021 8:44AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Yes good for bears!!!
Jon Bal
Jon Bal Jul 13, 2021 8:39AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
even the doctored core version is up
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email