The Atlanta Fed's sticky-price consumer price index (CPI), a measure of price change for the components of the CPI that are relatively slow to change, held steady in June, rising 2.1 percent year-over-year. The three-month annual rate rose 2.7 percent in June, down slightly from its 2.8 percent increase in May. Sticky CPI has trended up since the beginning of the year, suggesting some inflationary pressure as sticky prices steadily approach prerecession levels.
