Woofun AI reports that analyst Eamonn Sheridan projects the U.S. Consumer Price Index for June will decline by 0.2% month-on-month. This marks the first recorded decrease since the onset of the pandemic, primarily attributed to a 15% reduction in gasoline prices between mid-May and late June. The annualized inflation rate is anticipated to decelerate from 4.2% in May to 3.8%. Core CPI is forecast to increase by 0.2% month-on-month, while the annualized core inflation rate is expected to dip slightly to 2.8%.

Meanwhile, the annualized service inflation growth rate stands at 3.4%, exceeding the 2.9% level recorded in January.