Inflation goes nowhere in June, CPI shows

MarketWatch/Jeffry Bartash/07-14-17

The cost Americans pay for goods and services was little-changed in June, larger reflecting lower gasoline prices but also showing that a recent surge in inflation has crested.

The consumer-price index, or cost of living, was unchanged last month, the government said Friday. Economists polled by MarketWatch had forecast a 0.1% increase in CPI.

More important, the rate of inflation over the past 12 months slowed 1.6% in June from 1.9% in the prior month, and it is down from five-year high of 2.7% just five months ago.

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