Economists, investors, and Federal Reserve officials are increasingly optimistic about the state of U.S. inflation, with expectations that the latest consumer price report will show another month of mild increases. According to a survey of economists by FactSet, consumer prices in the United States are projected to have risen just 0.1% from May to June, with the data set to be released on Thursday morning.
The anticipated slight uptick in inflation for June is attributed to lower gas prices and a modest increase in grocery costs. This follows a month where inflation remained unchanged. Year-on-year, inflation for June is forecasted to be 3.1%, a decrease from the 3.3% recorded in May.
