The Fed’s favorite price index rose again in June, as consumer spending came in strong.

The Personal Consumption Expenditures index popped 4 percent in June from the prior year. Economists think it will begin to moderate.

source https://www.nytimes.com/2021/07/30/business/economy/the-feds-favorite-price-index-rose-again-in-june-as-consumer-spending-came-in-strong.html