Consumer inflation is expected to have been even hotter in June, but it could be peaking

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.

https://www.cnbc.com/2022/07/12/consumer-inflation-is-expected-to-have-been-even-hotter-in-june-but-it-could-be-peaking.html