US consumer prices held flat in June, according to the Department of Labour’s monthly consumer price index (CPI).
The gauge for consumer-price changes was unchanged last month, below expectations of a 0.1% uptick.
The index climbed by 1.6% year-over-year, below expectations of 1.7%.
Against the backdrop of this, market watchers will be trying to assess whether the Federal Reserve will continue its rate-hike agenda amid an overall strengthening US economy.
Excluding the volatile food and energy costs, the so-called core CPI rose by 0.1% last month, and by 1.7% in year-over-year terms.
The energy index fell again last month and the gasoline index dropped by 2.8%.