US CPI Preview

This report provides a June 2026 preview of US CPI, forecasting a headline deceleration to 3.81% YoY while core inflation remains steady.

Key Takeaways

• 1.US headline CPI is expected to decelerate to 3.81% YoY in June 2026 from 4.25% in May.
• 2.Core CPI is expected to remain firm at 0.26% MoM SA in June, with a YoY rate of 2.88%.
• 3.Energy prices are the primary driver of headline CPI deceleration, expected to fall to 16.2% YoY.

Table of Contents

• US CPI: June 2026 preview
• Services
• Core goods
• Food
• Energy
• PCE and the Fed
• Our CPI forecasts up to 2027
• Our CPI forecasts in detail (1/2) - food, energy, core goods
• Our CPI forecasts in detail (2/2) - services
• Contributions to YoY CPI
• Services CPI, selected components
• Core goods CPI, selected components
• Food CPI, selected components
• Energy CPI, only five components
• Latest publications
• Red Mount Analytics – Inflation Research specific dashboards
• RED MOUNT Analytics

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