Inflation ticked up in June, here's where prices rose most

Inflation ticked up in June, here's where prices rose most

The Consumer Price Index, which tracks the changing costs of goods, rose in June for the second month in a row. Kelly O’Grady breaks down what that means.

Truth Analysis

Factual Accuracy
4/5
Bias Level
3/5
Analysis Summary:

The CBS News article is mostly accurate, stating that the Consumer Price Index rose in June. The provided sources confirm this general trend, although specific percentage increases may vary slightly across sources. There is a slight bias towards highlighting the negative impact of rising prices on consumers.

Detailed Analysis:
  • Claim:** The Consumer Price Index rose in June for the second month in a row.
    • Verification Source #2: Confirms that the index for all items less food and energy rose in June, following an increase in May.
    • Verification Source #5: States the consumer price index rose 2.7% on an annual basis in June 2025, up from 2.4% in May.
  • Analysis:* The claim is generally supported by the provided sources.
  • Claim:** (Implied) Inflation is a negative economic indicator.
  • Analysis:* While not explicitly stated, the framing of the article implies that rising inflation is a cause for concern. This is a common perspective, but it can be considered a slight bias as inflation can also be a sign of economic growth. This is based on internal knowledge, as the provided sources do not directly address this.
Supporting Evidence/Contradictions:
  • Verification Source #5: "The consumer price index rose 2.7% on an annual basis in June 2025, up from 2.4% in May..." This supports the claim that inflation ticked up in June.
  • Verification Source #1: "Grocery prices rose 0.3% in June, mirroring May's increase, and are up 2.4%..." This provides a specific example of price increases contributing to the overall inflation rate.
  • Verification Source #2: Focuses on the index for all items less food and energy, which rose 0.2 percent in June, following a 0.1-percent increase in May. This provides a slightly different perspective, highlighting that core inflation (excluding volatile food and energy prices) also increased.
  • Verification Source #3: Discusses the Fed's expected interest rate cuts despite rising inflation, suggesting a complex economic situation. This adds context but doesn't directly contradict the claim that inflation rose.
  • Verification Source #4: States that consumer prices overall increased 3% from a year earlier, up from 2.9% the previous month, but this data is from January 2025, not June.