Core prices rise 2.6% year over year, flat from May

Underlying inflation, excluding energy and food, was unchanged on the month even as prices remained above year-earlier levels.

Summary

Core prices, which exclude more volatile categories such as energy and food, were 2.6% higher than a year earlier and unchanged from May. The reading points to steady underlying inflation on a monthly basis while showing prices still above the same period last year.

Terms & Concepts
  • core prices: Inflation measure excluding volatile items
  • year over year: Compared with the same month a year earlier