CPI inflation report: Price growth cools more than expected:
The BLS released the June CPI report this morning. Consumer prices were up 3.5% over the year.
businessinsider.com/cpi-inflation-june-consumer-price-index-2026-7
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June Inflation Drops More Than ForecastedU.S. inflation eased to 3.5% annually in June, the lowest since March 2026, despite recent gas price increases after the report.
Key FactsJul 14, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: businessinsider.com
Summary created with AI assistance · Source: businessinsider.com
- Annual inflation in the U.S. unexpectedly declined to 3.5% in June from 4.2% in May.
- Energy costs, including gas, fell sharply month-over-month, with gas prices decreasing by 9.7%.
- Core inflation remained flat in June while nominal wages rose 3.5% year-over-year.
- The Federal Reserve is likely to hold interest rates steady in July, influenced by these inflation figures.
Revived geopolitical tensions in the Strait of Hormuz could reverse that relief quickly.— Atsi Sheth, the chief credit officer at Moody's Ratings, said in commentary.
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CPI inflation report: Price growth cools more than expected: The BLS released the June CPI report this morning. Consumer prices were up 3.5% over the year.
businessinsider.com/cpi-inflation-june-consumer-price-index-2026-7
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