Consumer prices rose 3.5% annually in June, less than expected as energy prices eased

[progree]

4. Table of annualized values: Last month, Last 3 months, Last 12 months

All numbers in this chart are calculated from the actual index values:

CPI: https://data.bls.gov/timeseries/CUSR0000SA0
CORE CPI: https://data.bls.gov/timeseries/CUSR0000SA0L1E

Percent increases over the past month, over the past 3 months, and over the past 12 months, seasonally adjusted numbers, ANNUALIZED
1 mo` 3 mo 12mo
----- ---- ----
-5.0% 2.8% 3.5% Regular CPI (includes food & energy)
-0.2% 2.3% 2.6% Core CPI (does not have food or energy)

2.0% 2.0% 2.0% Federal Reserve Target

The core CPI, calculated using the actual index values (as are all numbers in this table), fell -0.0167% in June, which rounds to 0.0%, i.e. "flat". The -0.0167% annualizes to -0.2%


Realize the numbers reported in the OP, and the table above, are the numbers for JUNE, and don't include any July price increases, and they are not supposed to (sigh).

As for July:
WTI crude oil closed June 30 at $69.50,
and closed July 13 at $78.14,
an increase of 12.4% so far in July
https://finance.yahoo.com/quote/CL%3DF/history/