Year-over-year inflation rose to 2.4 percent as measured by the Consumer Price Index.
Consumer spending propelled U.S. economic growth to a 4.1 percent pace in the second quarter, the fastest since 2014.
Analysts expect solid, albeit less spectacular, numbers in the second half as tax reform stimulus fades.
About 3.5 million workers left positions in May, the most since 2000.
Inflation expectations are low, meaning the Fed may be cautious about raising rates.
U.S. workers predominantly feel AI will do them more harm than good, a survey said.
Prices for used cars had the biggest monthly drop since 2009 and airfares fell the most in four years.
Economists are getting more upbeat about economic growth this year and next.
Inflation picked up, which will help keep the Federal Reserve on track to raise interest rates in coming months.
The U.S. economy probably ended last year with the longest stretch of 3 percent-or-better growth since 2005.
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