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“This decline in the all items index was the largest 1-month decrease since April 2020,” the Bureau of Labor Statistics said.
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Inflation eased in June as gas prices fell — but economists say relief may not last long
U.S. inflation cooled in June on lower prices for gas and other goods, but much of the progress could be reversed if the Iran war worsens.
Warsh's statement to Congress: Fed has 'no tolerance for persistently elevated inflation'
Inflation fell more than expected in June as gas prices eased in response to U.S.-Iran negotiations
Inflation cooled in June thanks in part to falling energy prices that are on their way back up as the Iran conflict reignites
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.
