Inflation rose to 2.7% in June
According to the Bureau of Labor Statistics, the seasonally adjusted consumer price index (CPI) rose by 0.3% in June, almost three times higher than its February-May average. Overall inflation over the last 12 months rose to 2.7%, despite an 8.3% drop in gasoline prices. It should be noted that gasoline prices historically have a high correlation with inflation.
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(Original air-date: 7/18/25)
