Source: Fox Business
“Inflation pulled back in June after surging in prior months due to the Iran war’s impact on energy prices throughout the economy. The Bureau of Labor Statistics (BLS) said on Tuesday that the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – declined 0.4% on a monthly basis in June and was up 3.5% from a year ago. The monthly decline was the largest since a 0.8% decrease in April 2020. Those figures were cooler than the estimates of economists polled by LSEG, who predicted a decline of 0.1% on a monthly basis and a 3.8% increase from a year ago. They also represent a cooling trend from the 0.5% monthly increase and the 4.2% annual rise recorded in the May edition of the report.” (07/14/26)