From Investing.com: 2024-07-11 11:46:00

In June, core CPI saw a significant decline to -0.06%, primarily driven by weak core inflation of +0.06%. The drop was fueled by a slowdown in shelter inflation, although core goods continued to experience deflation. Used car prices fell by 1.5% month-over-month, contributing to the overall decline in inflation. While the global shipping costs are on the rise and the dollar may be vulnerable if the Fed eases, the overall trend points towards a decrease in inflation. The Fed is likely to respond with a token ease in the near future due to softening inflation and weakening labor market indicators.



Read more at Investing.com: CPI Breakdown: Here’s All you Need to Know About Today’s Weak Inflation Report