INFLATION fell 0.1% in June, but Americans still have reasons to keep budgets tight.
The US Bureau of Labor Statistics confirmed the slight drop on Thursday, announcing a new 12-month inflation rate of 3%.
Consumer prices fell 0.1% in June but were still up 3% from last year.
In May, the rate remained stable at 3.4%.
The gasoline price index fell 3.8% in June, after falling 3.6% in May.
But it’s not all good news, as global food prices rose 0.2% over the month, a slight jump from the 0.1% increase in May.
Food costs at home increased by 0.5%, heavily driven by the 2.4% increase in the price of butter and margarine.
One of the biggest price increases was that of eggs, which rose 3.5% in the month, after several months of decline.
Customers will also not be able to escape high supermarket prices by opting for fast food.
“Eating away from home” costs increased by 0.4%, after increasing by the same amount in May.
In the last year, the price index for food away from home increased by 4.1%.
Limited-service restaurants saw prices increase 0.2% last month, while full-service meals increased 0.6%.
ENERGY COSTS
The energy index fell 2% in June, as in May.
The electricity index decreased by 0.7% last month and the fuel oil index decreased by 2.4%.
However, the natural gas index increased 2.4% in June.
More to follow… For the latest on this story, come back often to The US Sun, your go-to destination for the best celebrity news, sports news, real-life stories, jaw-dropping photos and must-see attractions. videos
Like us on Facebook at TheSunUSA and follow us on X at @TheUSSun
This story originally appeared on The-sun.com read the full story
