WASHINGTON—U.S. consumer prices rose sharply in June while states were broadening efforts to reopen, with costs snapping back for products and services that were hit hard by the coronavirus pandemic.
The consumer-price index—which measures what Americans pay for everyday items including groceries, clothing and shelter—rose 0.6% in June, the Labor Department said Tuesday. The index had fallen in each of the previous three months, with particularly sharp declines during the earlier part of the pandemic in March and April.
“June represented the beginning of a return to normal for prices, as most of the categories that had been depressed by the COVID lockdowns rebounded once the economy started to recover in earnest,” said Stephen Stanley, chief economist at Amherst Pierpont, in a note to clients, referring to the illness caused by the coronavirus.