The numbers for June came in pretty much as economists had predicted — a moderate increase from last month. The rate of inflation rose 0.3% from May to June, and was up 2.7% compared to June 2024. In other words, if it feels like everyday goods cost more, it's because many of them do.

Mortgage rates this week for a 30-year fixed loan increased to 6.75%, up from 6.72% last week.