Inflation Cooled in June, and There's Good and Bad News for Investors
Prices finally fell a bit in June, but not all of the data was good for stocks.
Overview
What a relief!
Inflation, which has been spiking for months, finally receded a bit in June, according to a government report released last week. But it wasn't all good news for the stock market, either.
Details
While still too high, inflation finally cooled a bit in June, with the headline Consumer Price Index (CPI) down 0.4% from the previous month, the biggest one-month decline since April 2020. And when volatile food and energy costs were excluded, the index was flat month over month, which is still an improvement from the 0.2% increase in May.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.