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The Bureau of Labor Statistics found that the consumer price index (CPI) eased in June as consumer price growth slowed after a recent surge caused by the Iran war.
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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.
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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.
