According to the US Bureau of Labor Statistics, domestic inflation hit 2.7% in the 12 months to June 2025, up from 2.4% in May.
US inflation rises to 2.3% below market expectations
Food inflation was up 3% last month, while energy prices were trading on deflationary grounds at -0.8%.
This came in almost in-line with expectations from economists polled by Reuters, who expected inflation to increase to 2.6% last month.
According to Hani Abuagla, senior market analyst at XTB MENA, these readings will be pondered by the Federal Reserve.
Fed officials to hold rates steady this w…
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