Notably core inflation is still 5%: Fed officials are focused on cooling stubbornly high core inflation, which excludes volatile food and energy prices. Econom

Notably core inflation is still 5%: Fed officials are focused on cooling stubbornly high core inflation, which excludes volatile food and energy prices. Economists see core prices as a better predictor of future inflation than the overall inflation rate. Rising car prices, strong demand for labor-intensive services and an earlier surge in housing-rental prices have contributed to core inflation. “Where inflation is proving sticky is in services—getting haircuts, getting your car repaired, buying car insurance,” said Leo Feler, chief economist at Numerator. Economists estimate that core prices rose 5% in June from a year earlier, compared with 5.3% in May. From: https://www.wsj.com/articles/consumer-price-index-report-june-inflation-ede7f4b1 https://www.wsj.com/articles/consumer-price-index-report-jun...