US CPI picked up to 0.6% in June, core CPI unchanged at 1.2%

US CPI rose 0.6% mom in June, above expectation of 0.5% mom. Core CPI rose 0.2% mom, also above expectation of 0.1% mom. Annually, CPI accelerated back to 0.6% yoy, up from 0.1% yoy, above expectation of 0.3% yoy. Core CPI was unchanged at 1.2% yoy, above expectation of 1.1% yoy.

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