Due to a significant drop in car prices, U.S. core inflation data has been below expectations for the fifth consecutive month.
On Tuesday local time, the U.S. Bureau of Labor Statistics released data showing that the U.S. CPI in June rose 2.7% year-on-year, slightly exceeding the expected 2.6%, with a previous value of 2.4%; the month-on-month increase of 0.3% met expectations, with a previous value of 0.1%.
Meanwhile, the U.S. core CPI in June rose 2.9% year-on-year, meeting expectations and higher than the previous value of 2.8%; the month-on-month increase slightly rebounded from the previous month's 0.1% to 0.2%, but was below the expected 0.3%, marking the fifth consecutive month below expectations.
Updating

- Due to a significant drop in car prices, U.S. core inflation data has fallen below expectations for the fifth consecutive month.  
- The U.S. Bureau of Labor Statistics reported that the June CPI rose by 2.7% year-on-year, slightly above the expected 2.6%, while the core CPI increased by 2.9%, meeting expectations but still lower than the anticipated monthly increase.  
- Following the data release, U.S. stock futures rose, with Nasdaq futures up 0.72% and S&P 500 futures up 0.46%, while U.S. Treasury yields declined across the board.

Wallstreetcn

In June, the core CPI in the United States rose by 2.9% year-on-year and 0.2% month-on-month, remaining below expectations for five consecutive months!