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Inflation fell more than expected in June as gas prices eased in response to U.S.-Iran negotiations

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US consumer prices declined in June for the first time in six years

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Inflation cooled in June thanks in part to falling energy prices that are on their way back up as the Iran conflict reignites

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Inflation posts biggest 1-month drop since April 2020

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After three months of acceleration driven by oil market disruptions tied to the Iran war, the U.S. annual inflation rate fell to 3.5% in June, down from 4.2% in May.

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BREAKING NEWS

Inflation posts biggest 1-month drop since April 2020

Breaking News

US inflation cooled significantly last month, helped by a steep decline in gas prices driven by the fragile ceasefire in the Middle East

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Inflation cooled to a 3.5 percent annual rate in June, when energy prices moderated amid a brief pause in the war with Iran.

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Inflation slowed to 3.5% in June as gasoline prices fell

Inflation cools a bit

June CPI data comes in lower than expected, driven by gas prices. YoY: 3.5% (3.8% est.) Core YoY: 2.6% (2.8% est.)

Consumer prices rose 3.5% annually in June, less than expected as energy prices eased

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