Consumer inflation is expected to have been even hotter in June, but it could be peaking
- Consumer prices continued to shoot higher in June, with the headline consumer price index expected to reach 8.8% year over year, according to Dow Jones.
- But economists say that considering the falloff in gasoline prices, June’s headline CPI could be the peak of inflation for now.
- Core inflation, excluding gasoline and food, is expected to go from 6% in May to 5.7%, the third month in a row of slowing.
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