US inflation slowed to 1.6% in June

The US Department of Labor reported that in June, consumer prices in the country increased by 0.1% compared to May when their rise was also noted by 0.1%. The June price increase corresponds to the market forecast. In annual terms, prices rose by 1.6%. In the previous month, the figure rose by 1.8%, which indicates a slowdown in inflation in June. The consumer price index, which does not include energy and food, rose by 0.3% compared to May, and over the year it grew by 2.1%. Over the month, energy carriers fell by 2.3%, while the cost of food remained at the May level. Over the year, real hourly wages for US citizens increased by 1.5%. Its growth accelerated against a 1.3% increase a month earlier.

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