US Consumer Prices Rebound in June

The Labor Department said on Tuesday that the consumer price index rose 0.6% last month after falling 0.1% in May in the 12 months to June, the lowest annual increase since September 2015.

Economists who participated in the Reuters poll expected the CPI to rise 0.5% in June and rise 0.6% YoY.

The recovery in consumer prices in the United States comes after three consecutive monthly declines, the trend indicating that inflation will remain muted and allow the Federal Reserve to continue to injecting money into the economy.