Numerator Says June Consumer Goods Inflation Hit 3.4%, Highest in Nearly 3 Years
Updated
Updated · The Manila Times · Jul 13
Numerator Says June Consumer Goods Inflation Hit 3.4%, Highest in Nearly 3 Years
3 articles · Updated · The Manila Times · Jul 13
Summary
June consumer goods prices rose 0.70% from May, pushing annual inflation to 3.4%—the fastest pace in nearly three years and the third straight month of acceleration.
May's 0.51% gain and April's 0.44% increase show price growth has been building even as lower gasoline prices offered only limited relief.
Low-income households remain the most squeezed: everyday prices for that group are up 35.7% since January 2018, above the 33.8% national average; Gen Z has seen a 39.4% rise.
Numerator said its receipt-based index, built from about 7 million monthly transactions across 200,000 U.S. households, closely tracks official food-and-beverage inflation and points to continued pressure amid geopolitical uncertainty.