'Both are Below the Fed's Target'

From Calculated Risk:

CPI increases 0.5% in June, Core CPI 0.2%: From the Bureau of Labor Statistics (BLS): Consumer Price Index - June 2013

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in June on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.8 percent before seasonal adjustment. The gasoline index rose sharply in June and accounted for about two thirds of the seasonally adjusted all items change. ... The index for all items less food and energy increased 0.2 percent in June, the same increase as in May. ...

On a year-over-year basis, CPI is up 1.8 percent, and core CPI is up also up 1.6 percent. Both are below the Fed's target. ...