By Tom Burnett CFA
On July 13, 2021, the Bureau of Labor Statistics announced the consumer price index data for the month of June. The Index rose by 0.9% in June after rising by 0.6% in May. The increase was the largest one-month change since June 2008 when the Index increased by 1.0%. Over the last 12 months, the Index increased by 5.4%, the largest 12-month increase since the 5.4% increase ending in August 2008.
The Core rate, excluding food and energy, rose 0.9% in June after an increase of 0.7% in May. The Core Index rose 4.5% over the last 12 months, the largest 12-month increase since the period ending November 1991.
The next CPI report will be issued August 11, 2021 for the month of July.
Tom Burnett CFA is Director of Research