Consumer Price Index (CPI) for JUNE 2026

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for June, 2026:

=========================================

CPI During June, 2026: 333.952

=========================================

Consumer Price Index (CPI); Headline

Predicted: FLAT

->  Actual: -0.35% (-1.171 points)

• Year-on-Year Change: +3.53% (+11.391 points)

[Y-o-Y previous = +4.25%]

=========================================

CPI, Minus Food + Energy (Core CPI)

Predicted: +0.1%

 - > Actual: +0.01% (+0.036 points)

• Year-on-Year Change: +2.59% (+8.518 points)

[Y-o-Y previous = +2.85%]

=========================================

The above, yellow- and blue-highlighted figures represent month-to-month and year-on-year changes (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

• Healthcare
• Housing
• Clothing
• Communications
• Education
• Transportation
• Food and Beverages
• Recreation
• Miscellaneous Goods and Services (grooming expenses, etc.)

========================================

CPI During June, 2025: 322.561

=======================================

CHART: Consumer Price Index

12-Month Percentage Change
JUNE 2026 Update

========================================

• Click here to view the full Labor Department report.
  

========================================

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PCE Price Index + Personal Income + Consumer Spending Report for MAY 2026

The Commerce Department's Bureau of Economic Analysis (BEA) released its report on The PCE Price Index, Consumer Spending and Personal Income for May, 2026:

=============

Consumer Spending (Personal Consumption Expenditures [PCE])

Previous Reading (revised): +0.4%

• Actual: +0.7%
  
  
• > Real PCE: +0.3%*

=============

Personal Income

Previous Reading (revised): FLAT

• Actual: +0.7%
  
  
• > Disposable Personal Income (DPI): +0.7% 
  
  
• >> Real DPI: +0.3%* 

=============

The above highlighted percentages represent the month-to-month change in Consumer Spending (aka Personal Consumption Expenditures), Personal Income and Disposable Personal Income for the entire United States.

 

Personal Consumption Expenditures (PCE) Price Index
Previous Reading (unrevised): +0.4%

• Actual: +0.4% 

• Change from 12-months previous: +4.1%
  (prior - unrevised = +3.8%)

=====================

Core PCE Price Index
( = PCE Price Index minus food and energy)
Previous Reading (revised): +0.3%

• Actual: +0.3%

• Change from 12-months previous: +3.4%
  (prior - unrevised = +3.3%)

=====================

The PCE Price Index is different from the Consumer Price Index (CPI) in that it is a very broad measure of the prices associated with domestic products and services, while the CPI measures a more limited fixed basket of goods and services.

The broad nature of the PCE Price Index is key to why it is the Federal Reserve's preferred measure of inflation.  The Federal Open Market Committee (FOMC) pays very close attention to it.

=====================

 

CHART: Changes In Monthly Consumer Spending

MAY 2026 UPDATE

=====================

 Click here to view the full
Commerce Department report (PDF). 

=====================

* =  Chained dollars is a method of adjusting real dollar amounts for inflation over time, so as to allow comparison of figures from different years. The Commerce Department introduced the chained-dollar measure in 1996. Chained dollars generally reflect dollar figures computed with 2012 as the base year.

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Leading Economic Index for MAY 2026

The Conference Board® released its Leading Economic Index® (LEI) for May, 2026:

==============

Index for May, 2026: 99.3 (The baseline 100 score is associated with 2016 data.)

==============

• Actual: +0.1% (+0.1 point Month-on-Month)
  
  
• Change from 12 Months Ago: -0.2% (-0.2 point)

============== 

• LEI for April, 2026: 99.2
  
  
• LEI for March, 2026: 99.0
  
  
• LEI for February, 2026: 99.6
  
  
• LEI for January, 2026: 99.3
      
• LEI for December, 2025: 99.4   
  
  
• LEI for November, 2025: 99.6  
  
  
• LEI for October, 2025: 98.1
   
• LEI for September, 2025: 98.3 
   
• LEI for August, 2025: 98.5 
  
  
• LEI for July, 2025: 98.8
  
  
• LEI for June, 2025: 98.8
  
  
• LEI for May, 2025: 99.1 
  

==============

The yellow-highlighted percentage is the month-to-month change for the index.  The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

The LEI is a composite of 10 of the nation's economic data releases that's put together by The Conference Board. Statistically, the components listed below have shown a significant increase or decrease before national economic upturns or downturns:

1. The Standard + Poor's 500 Index
   
   
2. Average weekly claims for unemployment insurance
   
   
3. Building permits for new private housing
   
   
4. The interest rate spread between the yield on the benchmark 10-Year Treasury Note and Federal Funds
   
   
5. ISM® Index of New Orders
   
   
6. Manufacturer's new orders for consumer goods or materials
   
   
7. Manufacturer's new orders, non-defense capital goods excluding aircraft orders
   
   
8. Average weekly manufacturing hours
   
   
9. Average consumer expectations for business conditions
   
   
10. Leading Credit Index™

==============

CHART: Leading Economic Index
6-Month Growth Rate
with Warning + Recession Signal
MAY 2026 UPDATE

==============

 

From Today's Report:

"...'The Leading Index for the US increased slightly in May, fueled entirely by positive contributions from financial components, especially stock prices and the interest rate spread,' said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board. 'On the non-financial side of the LEI, only ISM® New Orders Index showed some strength, with consumer expectations remaining a major drag.

Despite two consecutive monthly increases, the LEI’s six- and twelve-month growth rates were still negative, suggesting slower economic expansion ahead.

Consumers are feeling squeezed because everyday costs -- especially gas and energy -- are rising faster than their incomes, leaving many households with less money available for things like travel, restaurants, entertainment, and shopping.

The good news is that businesses are spending heavily on AI, data centers, and new technology, helping to keep the economy growing, while  consumers pull back spending.

The overall job market is expected to stay fairly healthy in 2026, but economic growth will be weaker than in recent years.

The Conference Board is currently projecting 1.8% y/y GDP growth in 2026, down from 2.1% in 2025.'..."

==============
 

• Click Here to view the Conference Board report.
  

==============

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Producer Price Index - Final Demand (PPI-FD) for MAY 2026

Here is the Producer Price Index - Final Demand (PPI-FD) for MAY, 2026:

===============================
Previous Month (revised): +1.1%

• Actual: +1.1%

Change from 12 months previous:  +6.5% 
(prior - unrevised = +6.0%)

===============================

Below is the PPI-FD when Food, Energy and Trade Services are removed:

Previous Month (unrevised): +0.6% 

• Actual: +0.8%

Change from 12 months previous:  +5.1% 
(prior - unrevised = +4.4%)

===============================

• PPI-FD Goods, Year-on-Year: +10.4% (prior = +7.4%)

• PPI-FD Services, Year-on-Year: +4.9% (prior = +5.5%)

 

The above, yellow-highlighted percentages represent the month-to-month change in prices received by domestic producers of goods and services, for goods, services and construction in the United States, for final demand.

Final Demand = personal consumption (consumers), exports, government purchases and capital investment.
 
==============

CHART: Producer Price Index

  Final Demand (PPI-FD)
12-Month Percent Change
MAY 2026 Update

==============

• Click here to view the full Labor Department report.

============== 

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Consumer Price Index (CPI) for MAY 2026

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for May, 2026:

=========================================

CPI During May, 2026: 335.123

=========================================

Consumer Price Index (CPI); Headline

Predicted: +0.5%

->  Actual: +0.63 (+2.103 points)

• Year-on-Year Change: +4.25% (+13.658 points)

[Y-o-Y previous = +3.81%]

=========================================

CPI, Minus Food + Energy (Core CPI)

Predicted: +0.3%

 - > Actual: +0.31% (+1.043 points)

• Year-on-Year Change: +2.85% (+9.337 points)

[Y-o-Y previous = +2.75%]

=========================================

The above, yellow- and blue-highlighted figures represent month-to-month and year-on-year changes (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

• Healthcare
• Housing
• Clothing
• Communications
• Education
• Transportation
• Food and Beverages
• Recreation
• Miscellaneous Goods and Services (grooming expenses, etc.)

========================================

CPI During May, 2025: 321.465

=======================================

CHART: Consumer Price Index

12-Month Percentage Change
MAY 2026 Update

========================================

• Click here to view the full Labor Department report.
  

========================================

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PCE Price Index + Personal Income + Consumer Spending Report for APRIL 2026

The Commerce Department's Bureau of Economic Analysis (BEA) released its report on The PCE Price Index, Consumer Spending and Personal Income for April, 2026:

=============

Consumer Spending (Personal Consumption Expenditures [PCE])

Previous Reading (revised): +1.0%

• Actual: +0.5%
  
  
• > Real PCE: +0.1%*

=============

Personal Income

Previous Reading (revised): +0.5%

• Actual: FLAT
  
  
• > Disposable Personal Income (DPI): -0.1% 
  
  
• >> Real DPI: -0.5%* 

=============

The above highlighted percentages represent the month-to-month change in Consumer Spending (aka Personal Consumption Expenditures), Personal Income and Disposable Personal Income for the entire United States.

 

Personal Consumption Expenditures (PCE) Price Index
Previous Reading (unrevised): +0.7%

• Actual: +0.4% 

• Change from 12-months previous: +3.8%
  (prior - unrevised = +3.5%)

=====================

Core PCE Price Index
( = PCE Price Index minus food and energy)
Previous Reading (unrevised): +0.3%

• Actual: +0.2%

• Change from 12-months previous: +3.3%
  (prior - unrevised = +3.2%)

=====================

The PCE Price Index is different from the Consumer Price Index (CPI) in that it is a very broad measure of the prices associated with domestic products and services, while the CPI measures a more limited fixed basket of goods and services.

The broad nature of the PCE Price Index is key to why it is the Federal Reserve's preferred measure of inflation.  The Federal Open Market Committee (FOMC) pays very close attention to it.

=====================

 

CHART: Changes In Monthly Consumer Spending
APRIL 2026 UPDATE

=====================

 Click here to view the full
Commerce Department report (PDF). 

=====================

* =  Chained dollars is a method of adjusting real dollar amounts for inflation over time, so as to allow comparison of figures from different years. The Commerce Department introduced the chained-dollar measure in 1996. Chained dollars generally reflect dollar figures computed with 2012 as the base year.

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Leading Economic Index for APRIL 2026

The Conference Board® released its Leading Economic Index® (LEI) for April, 2026:

==============

Index for April, 2026: 97.4 (The baseline 100 score is associated with 2016 data.)

==============

• Actual: +0.1% (+0.1 point Month-on-Month)
  
  
• Change from 12 Months Ago: -1.72% (-1.7 points)

============== 

• LEI for March, 2026: 97.3
  
  
• LEI for February, 2026: 97.9
  
  
• LEI for January, 2026: 97.6
      
• LEI for December, 2025: 97.6   
  
  
• LEI for November, 2025: 97.9  
  
  
• LEI for October, 2025: 98.1
   
• LEI for September, 2025: 98.3 
   
• LEI for August, 2025: 98.5 
  
  
• LEI for July, 2025: 98.8
  
  
• LEI for June, 2025: 98.8
  
  
• LEI for May, 2025: 99.1
   
• LEI for April, 2025: 99.1
  
  
• LEI for March, 2025: 100.4
  
  
• LEI for February, 2025: 101.2
  
  
• LEI for January, 2025: 101.4
  
  
• LEI for December, 2024: 101.6
  
  

==============

The yellow-highlighted percentage is the month-to-month change for the index.  The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

The LEI is a composite of 10 of the nation's economic data releases that's put together by The Conference Board. Statistically, the components listed below have shown a significant increase or decrease before national economic upturns or downturns:

1. The Standard + Poor's 500 Index
   
   
2. Average weekly claims for unemployment insurance
   
   
3. Building permits for new private housing
   
   
4. The interest rate spread between the yield on the benchmark 10-Year Treasury Note and Federal Funds
   
   
5. ISM® Index of New Orders
   
   
6. Manufacturer's new orders for consumer goods or materials
   
   
7. Manufacturer's new orders, non-defense capital goods excluding aircraft orders
   
   
8. Average weekly manufacturing hours
   
   
9. Average consumer expectations for business conditions
   
   
10. Leading Credit Index™

==============

CHART: Leading Economic Index
6-Month Growth Rate
with Warning + Recession Signal
APRIL 2026 UPDATE

==============

 

From Today's Report:

"...'The US LEI increased slightly in April, driven mainly by a rebound in stock prices and an increase in building permits only for two and more units,' said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board.

'The leading index rose in two of the past three months, but the gains did not offset the steep fall registered in March. As a result, the LEI’s six- and twelve-month growth rates were negative, signaling fragile economic conditions ahead.

Strong investment in AI infrastructure, data centers, and energy production likely will have a positive impact on growth and sustain business spending, but may only partially offset weakness on the consumer side.

Higher gasoline and energy costs -- paired with weak hiring -- will likely erode household purchasing power in the months ahead, particularly for lower- and middle-income consumers. The Conference Board is currently projecting 1.7% y/y GDP growth in 2026, revised up slightly from last update of 1.6%.'..."

==============
 

• Click Here to view the Conference Board report.
  

==============

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Import and Export Price Indexes for APRIL 2026

The Labor Department's Bureau of Labor Statistics released its report on U.S. Import and Export Price Indexes for April, 2026:

===============

Import Prices
Previous Reading, revised: +0.9%
Actual: +1.9%

• Change From 12 Months Previous: +4.2%

    -- Year-on-year previous reading = +2.1%

===============

Export Prices
Previous Reading, revised: +1.5%
Actual: +3.3%

• Change From 12 Months Previous: +8.8%

    -- Year-on-year previous reading = +5.6%

===============
 
The above percentages, highlighted in yellow, represent the month-to-month change in prices for:

• Imports: the cost of goods produced in other countries and sold in the United States.
• Exports: the cost of goods produced in the USA and sold in other countries.

Together, these indexes offer insight into the status of inflation in the United States, and for the global economy as well. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

=================

CHART: Import Price Index

APRIL 2026 Update

================= 

CHART: Export Price Index

APRIL 2026 Update

===============

• Click here to view the full Labor Department report.

===============

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Producer Price Index - Final Demand (PPI-FD) for APRIL 2026

Here is the Producer Price Index - Final Demand (PPI-FD) for APRIL, 2026:

===============================
Previous Month (revised): +0.7%

• Actual: +1.4%

Change from 12 months previous:  +6.0% 
(prior - revised = +4.3%)

=============

Below is the PPI-FD when Food, Energy and Trade Services are removed:

Previous Month (unrevised): +0.2% 

• Actual: +0.6%

Change from 12 months previous:  +4.4% 
(prior - revised = +3.7%)

===============================

• PPI-FD Goods, Year-on-Year: +7.4% (prior = +4.9%)

• PPI-FD Services, Year-on-Year: +5.5% (prior = +3.7%)

 

The above, yellow-highlighted percentages represent the month-to-month change in prices received by domestic producers of goods and services, for goods, services and construction in the United States, for final demand.

Final Demand = personal consumption (consumers), exports, government purchases and capital investment.
 
==============

CHART: Producer Price Index

  Final Demand (PPI-FD)
12-Month Percent Change
APRIL 2026 Update

==============

• Click here to view the full Labor Department report.

============== 

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Consumer Price Index (CPI) for APRIL 2026

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for April, 2026:

=========================================

CPI During April, 2026: 333.020

=========================================

Consumer Price Index (CPI); Headline

Predicted: +0.9%

->  Actual: +0.85% (+2.807 points)

• Year-on-Year Change: +3.81% (+12.225 points)

[Y-o-Y previous = +3.26%]

=========================================

CPI, Minus Food + Energy (Core CPI)

Predicted: +0.3%

 - > Actual: +0.42% (+1.412 points)

• Year-on-Year Change: +2.75% (+8.988 points)

[Y-o-Y previous = +2.6%]

=========================================

The above, yellow- and blue-highlighted figures represent month-to-month and year-on-year changes (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

• Healthcare
• Housing
• Clothing
• Communications
• Education
• Transportation
• Food and Beverages
• Recreation
• Miscellaneous Goods and Services (grooming expenses, etc.)

========================================

CPI During April, 2025: 320.795

=======================================

CHART: Consumer Price Index

12-Month Percentage Change
APRIL 2026 Update

========================================

• Click here to view the full Labor Department report.
  

========================================

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Leading Economic Index for MARCH 2026

The Conference Board® released its Leading Economic Index® (LEI) for March, 2026:

==============

Index for March, 2026: 97.3 (The baseline 100 score is associated with 2016 data.)

==============

• Actual: -0.61% (-0.6 point Month-on-Month)
  
  
• Change from 12 Months Ago: -3.09% (-3.1 points)

============== 

• LEI for February, 2026: 97.9
  
  
• LEI for January, 2026: 97.6
      
• LEI for December, 2025: 97.6   
  
  
• LEI for November, 2025: 97.8  
  
  
• LEI for October, 2025: 98.1
   
• LEI for September, 2025: 98.3 
   
• LEI for August, 2025: 98.5 
  
  
• LEI for July, 2025: 98.8
  
  
• LEI for June, 2025: 98.8
  
  
• LEI for May, 2025: 99.1
   
• LEI for April, 2025: 99.1
  
  
• LEI for March, 2025: 100.4
  
  
• LEI for February, 2025: 101.2
  
  
• LEI for January, 2025: 101.4
  
  
• LEI for December, 2024: 101.6
  
  

==============

The yellow-highlighted percentage is the month-to-month change for the index.  The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

The LEI is a composite of 10 of the nation's economic data releases that's put together by The Conference Board. Statistically, the components listed below have shown a significant increase or decrease before national economic upturns or downturns:

1. The Standard + Poor's 500 Index
   
   
2. Average weekly claims for unemployment insurance
   
   
3. Building permits for new private housing
   
   
4. The interest rate spread between the yield on the benchmark 10-Year Treasury Note and Federal Funds
   
   
5. ISM® Index of New Orders
   
   
6. Manufacturer's new orders for consumer goods or materials
   
   
7. Manufacturer's new orders, non-defense capital goods excluding aircraft orders
   
   
8. Average weekly manufacturing hours
   
   
9. Average consumer expectations for business conditions
   
   
10. Leading Credit Index™

==============

CHART: Leading Economic Index
6-Month Growth Rate
with Warning + Recession Signal
MARCH 2026 UPDATE

==============

 

From Today's Report:

"...'After rising in February, the US LEI pulled back sharply in March, as building permits declined and consumer expectations and stock prices weakened,' said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board.

'The LEI continues to signal a slowdown in the economy over the coming months, as higher oil prices and supply chain tensions will likely place additional upward pressure on inflation and further reduce consumers’ purchasing power.

The labor market, while currently stable, may soften with hiring slowing and unemployment edging higher. Growth will likely remain modest, as weaker consumer spending offsets some strength in business investment and defense-related activity.

The Conference Board revised its US GDP growth forecast to well below 2%, down to 1.6% Y/Y for 2026.'..."

==============
 

• Click Here to view the Conference Board report.
  

==============

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