Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
U.S. CPI rose 0.9% in June, the Bureau of Labor Statistics said Tuesday, far more than the 0.5% gain markets had been anticipating. From a year earlier, CPI was up 5.4% when markets had expected an increase to 4.9%. It is the biggest year-on-year gain since 2008.
A 10.5% gain in used vehicle prices accounted for more than a third of June's increase, the BLS said. Food prices were up 0.8% following a weaker 0.4% increase in May, and energy prices were up 1.5%, with gas prices rise 2.5%.
Excluding food and energy prices, CPI rose 0.9% in June when markets had been expecting a gain of just 0.4%. That was driven mostly by a 0.7% increase in apparel prices and a 2.7% increase in airline fares, the BLS said, in addition to used vehicle prices. From a year earlier, core CPI was up 4.5%.
Source: Bureau for Labor Statistics
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.