02:50 PM EDT, 07/15/2025 (MT Newswires) -- The consumer price index rose by 0.3% as expected in June and was up 0.2% excluding food and energy prices, slightly below expectations.

The gain lifted the year-over-year increase to 2.7% from 2.4% in May, while the core measure was up 2.9% year-over-year after a 2.8% rate in the previous month.

Food prices rose by 0.3%, while energy prices rebounded by 0.9% with gasoline prices alone up 1%.

Owners' equivalent rents rose by 0.3% and regular rents were up 0.2%, accounting for about one-third of the overall gain. Apparel prices rose by 0.4% and medical services prices rose by 0.6%, but prices of new vehicles fell by 0.3% and used vehicle prices declined by 0.7%.

The Empire State index rose to 5.5 in July from minus 16.0 in June, now indicating expansion.

Redbook reported that US same-store retail sales were up 5.2% year-over-year in the week ended July 12, with storms in the South and in Texas offsetting seasonal and back-to-school sales in other parts of the country.