Gas and Food Raised US Inflation In June

US consumer prices rebounded in June after a three-month decline as businesses opened. But the consumer price index in the United States in June rose by 0.6% against the expected growth of 0.5% – the most rose in prices for gasoline and food.

US consumer prices rose the most in nearly eight years in June, when factories reopened after a lockdown, but inflation will remain “muted” for now, allowing the Federal Reserve to subsidize America’s coronavirus-hit economy.

Excluding volatile food and energy, the CPI rose 0.2% in June after falling 0.1% in May. The increase in clothing and medical expenses was offset by the containment of the rise in prices.