The New York City skyline in the United States

United States Inflation June 2022

United States: Inflation comes in at highest level since 1981 in June

Consumer prices rose 1.32% in June over the previous month, picking up from May’s 0.97% increase. June’s result was the highest reading since September 2005. Looking at the details of the release, the reading was largely driven by accelerations in energy and transport prices.

Inflation rose to 9.1% in June, following May’s 8.6%. June’s result was the highest inflation rate since November 1981. Annual average inflation rose to 7.2% in June (May: 6.9%). Finally, core inflation edged down to 5.9% in June, from the previous month’s 6.0%.

The June inflation reading—which was well above market expectations—will put pressure on the Fed to hike aggressively at its 26–27 July meeting. A hike of 75–100 basis points now appears likely.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest