Data released moments ago by the Bureau of Labor Statistics in the United States of America showed that the Consumer Price Index (CPI), which measures inflation, rose by 0.2% in June, after rising by 0.1% in May, while expectations were for a rise of 0.3%, while the main index excluded prices.

Food and Energy came in at 0.2%, compared to May’s reading of 0.4% and below expectations of 0.3%. On the other hand, the annual index rose over the past 12 months to 3% from 4% in May, while expectations were for an increase of 3.2%, marking the lowest pace of growth since March 2021.

The annual basic index, excluding food and energy prices, rose to 4.8% on an annual basis in June from 5.3%. In the details of the index, the food index recorded a growth of 5.7% on an annual basis, compared to 6.7 in May, and by 0.1% on a monthly basis, while the energy index decreased at an annual rate of 16.7%, compared to 11.7% in May, despite the increase in the index by 0.6% at a pace monthly .