Economists surveyed by Dow Jones had been looking for a 0.1% monthly gain and a 3.4% annual rate.

Excluding volatile food and energy prices, core CPI increased 0.2% on the month and 3.4% from a year ago, compared to respective estimates of 0.3% and 3.5%.

https://www.cnbc.com/2024/06/12/cpi-report-june-inflation.html