The U.S. personal consumption expenditure price, or PCE, index increased by less than 0.1% in June compared to May, after virtually no change a month earlier, the Department of Commerce said.
In annual terms, PCE inflation slipped to 1.4% from 1.5% in May.
Excluding food and energy, PCE inflation was 0.1%, unchanged from the preceding month. In annual terms, core PCE inflation held steady at 1.5% in June.
Personal income fell by less than 0.1%, after a 0.3% increase in May, measured in current dollars.