Inflation for housing, the largest CPI component, increased just 0.2% for the month but was 3.8% higher compared to a year ago. That was the largest contributor to the overall CPI gain, the BLS said.

Over the past five years, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index has jumped by more than 50%, reflecting strong demand and limited housing supply.

The headline figure for the Consumer Price Index was at 2.7% year-over-year, up from 2.4% in May and higher than the expected 2.6% growth. In June, prices accelerated from 2.35% in May to 2.67% ...

So-called core inflation, a measure of CPI that excludes food and energy prices (which are more volatile), rose by 2.9% over the past 12 months, according to the Bureau of Labor Statistics.

Inflation has come down quickly over the past years and now hovers around the 2% target, a key reason why the ECB left interest rates unchanged on Thursday and hinted that it was not in any hurry ...

U.S. Inflation Accelerated in June as Trump’s Tariffs Pushed Up Prices The Consumer Price Index rose 2.7 percent from a year earlier, as the global trade war started to bite.