According to a Dow Jones poll, consumer goods prices are expected to decrease by 0.2% in June, resulting in a headline inflation rate of 3.8%. This decline is primarily attributed to a 25% drop in crude oil prices during the month. In contrast, core prices, which exclude food and energy, are anticipated to rise by 0.2%, leading to an annual inflation rate of 2.8%.
This figure remains above the Federal Reserve's target of 2%, indicating ongoing inflationary pressures that could influence future monetary policy decisions