San José, CA – On Tuesday, July 15, the Department of Labor reported that prices for consumer goods and services rose at a faster rate for a second month in a row. The Consumer Price Index, or CPI, rose at a 0.3% rate in June, or a 3.7% annual rate. The year-over-year increase, as compared to June 2024, was 2.7%, up from the 2.4% year over year rate in May.