Consumer Prices Soar By Most In 11 Years In June On Rebound In Fuel Costs Tyler Durden Tue, 07/14/2020 - 08:37 After three months of 'deflation', consumer prices were expected to rebound strongly in June and it did, with headline CPI beating expectations (+0.6% MoM vs 0.5% exp). That is the biggest monthly jump since June 2019... Source: Bloomberg Both Goods (Ex-Energy) and Services (ex-Energy) CPI growth slowed on a YoY basis... Source: Bloomberg The driver of the headline beat and surge in CPI was soaring motor fuel costs - up 12% MoM... Source: Bloomberg Will The Fed shrug this off as 'transitory'?