Inflation expected to slow again in June, but high prices are still crushing Americans
What percentage of Americans struggle with household expenses?
According to a LendingTree survey, as of April 2024, about 36.4% of Americans experienced "significant" difficulty paying for regular household expenses, including food, rent or mortgage, car payments, and medical expenses. This figure is 6.7% higher than in 2022.
What is June's expected inflation rate change?
June's expected inflation rate change is a 3.1% annual increase, according to economists' forecasts. This would be a decline from the 3.3% annual increase recorded in May. On a monthly basis, inflation is expected to rise by 0.1% in June, compared to the flat reading in May.
What did June’s consumer price index data indicate?
June's consumer price index data is expected to show that inflation continued to ease, with prices rising 3.1% year-over-year, down from 3.3% in May. On a monthly basis, inflation is expected to rise by 0.1% compared to the flat reading in May. Core prices, which exclude food and energy, are projected to climb 3.4% annually, unchanged from May.