US annual inflation slows in June, consumer spending solid

U.S. annual (a)   slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s.

Inflation as measured by the personal consumption (a)   (PCE) price index increased 0.2% last month after edging up 0.1% in May, the Commerce Department said on Friday.

U.S. annual inflation slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest interest rate (a)   cycle since the 1980s.

Inflation as measured by the personal (a)   expenditures (PCE) price index increased 0.2% last month after edging up 0.1% in May, the Commerce Department said on Friday.

Inflation as measured by the personal consumption (a)   (PCE) price index increased 0.2% last month after edging up 0.1% in May, the Commerce Department said on Friday.

In the 12 months through June, the PCE price index (a)   3.0%. That was the smallest annual gain since March 2021 and followed a 3.8% rise in May.

Inflation as measured by the personal consumption expenditures (PCE) price (a)   increased 0.2% last month after edging up 0.1% in May, the Commerce Department said on Friday.

Inflation as measured by the personal consumption expenditures (PCE) price index increased 0.2% last month after edging up 0.1% in May, the (a)   Department said on Friday.

(a)   the volatile food and energy components, the PCE price index climbed 0.2% after increasing 0.3% in the prior month.

Excluding the (a)   food and energy components, the PCE price index climbed 0.2% after increasing 0.3% in the prior month.