🇺🇸❗️Shelter Prices Eased to Lowest Since 2021: Cable FX Macro
- Rosbel Durán
- Jul 11, 2024
- 1 min read
**As seen in Online Tools> Inflation Dashboard, subscribe at cablefxm.co.uk/reports
The June CPI report recorded lower contributions from services and food prices. Commodities' contribution extended further into negative territory. Headline and core metrics are now at the lowest levels since April 2021
Gasoline prices posted a sharp drop of 3.8% on the month, the largest rise was seen in utility prices, up 2.4% M/m. Used and new vehicles prices fell in June to the lowest monthly gain since 2021
Looking at decimal numbers, June CPI came below all economists' forecast at 2.971%. This left the headline figure closer to the Fed's price goal and below what the median survey sees for price accelerations, the rest of the year
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