Financial News: U.S. Consumer Prices Edge Down 0.1% In June,

U.S. Consumer Prices Edge Down 0.1% In June, In Line With Estimates

07/30/2026 - 11:01:00 (RTTNews)

(RTTNews) - A report released by the Commerce Department on Thursday showed a modest pullback in U.S. consumer prices in the month of June.

The report said the personal consumption expenditures (PCE) price index slipped by 0.1 percent in June after climbing by an upwardly revised 0.5 in May.

Economists had expected prices to edge down by 0.1 percent compared to the 0.4 percent increase originally reported for the previous month.

The Commerce Department also said the annual rate of growth by the PCE price index slowed to 3.7 in June from 4.1 in May, which was also in line with economist estimates.

The slight monthly pullback by consumer prices reflected a 0.6 percent decrease in prices for goods, which came as prices for gasoline and other energy goods plummeted by 9.2 percent. Prices for services ticked up by 0.1 percent.

Excluding food and energy prices, the core PCE price index crept up by 0.1 percent in June after rising by 0.3 percent in May. Core prices were expected to increase by 0.2 percent

The annual rate of growth by the core PCE price index dipped to 3.3 percent in June from 3.4 percent in May, matching expectations.

"The news in June was good on the prices front, as the core PCE index came in a touch less than expected," said Bernard Yaros, Lead U.S. Economist at Oxford Economics.

He added, "Though core inflation will hover above 3% y/y in H2, a benign outlook for services prices, the fading of tariff effects, and favorable methodological changes to the PCE index will keep the central bank on a prolonged pause."

The Federal Reserve's preferred readings on consumer price inflation were included in the Commerce Department's report on personal income and spending.

The Commerce Department said personal income rose 0.2 percent in June after climbing by 0.7 percent in May. Economists had expected personal income to rise by 0.3 percent.

Meanwhile, the report said personal spending increased by 0.3 percent in June after growing by an upwardly revised 0.9 percent in May. The increase matched economist estimates.

With spending rising by slightly more than income, personal saving as a percentage of disposable income edged down to 2.7 percent in June from 2.8 percent in May.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Economic Growth Unexpectedly Slows To 1.5% In Q2 (32 min(s), 51 sec(s) ago)
(RTTNews) - U.S. economic growth unexpectedly slowed in the second quarter of 2026, according to a ...Full Story»

Italy Producer Price Inflation Eases To 5.8% (48 min(s), 51 sec(s) ago)
(RTTNews) - Italy's producer price inflation moderated in June to the lowest level in three mo ...Full Story»

U.S. Consumer Prices Edge Down 0.1% In June, In Line With Estimates (55 min(s), 51 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Thursday showed a modest pullback in U ...Full Story»

Portugal Q2 GDP Growth Improves To 2.5%; Consumer Confidence Rises (01 hr(s), 06 min(s), 51 sec(s) ago)
(RTTNews) - Portugal's economy expanded at a slightly faster pace in the second quarter on t ...Full Story»

U.S. Weekly Jobless Claims Rebound Slightly Less Than Expected (01 hr(s), 25 min(s), 51 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing a modest rebound in first-t ...Full Story»

Bank Of England Holds Key Rate In 6-3 MPC Split (01 hr(s), 46 min(s), 51 sec(s) ago)
(RTTNews) - The Bank of England maintained its interest rate in a split vote as renewed tensions i ...Full Story»

Hungarian GDP Maintains 1.7% Growth In Q2 (02 hr(s), 27 min(s), 51 sec(s) ago)
(RTTNews) - Hungary's economy expanded at a stable pace in the second quarter, preliminary d ...Full Story»

Austrian Economy Stagnates In Q2 (02 hr(s), 57 min(s), 51 sec(s) ago)
(RTTNews) - The Austrian economy stalled in the second quarter as higher oil prices halted the e ...Full Story»