Inflation Cools Further
Wholesale and consumer prices fell in June as energy costs eased, but relief may not last.
July 14, 2026 · Updated Jul 15, 5:50pm ET
The GuardianInflation cools to 3.5% in June in relief brought by brief US-Iran peace deal
CNBCConsumer prices rose 3.5% annually in June, less than expected as energy prices eased
Fox BusinessConsumer inflation cooled more than expected in June as gas prices fell
ABC NewsFalling gas prices cut inflation last month yet renewal of Iran war could limit progress
Washington TimesInflation cools more than expected in June as gas costs fall, underlying prices ease
BBC NewsUS inflation: Gas prices drive down CPI - but will it last?
Breitbart NewsBreitbart Business Digest: The Best Inflation Report in Modern History
Straight Arrow NewsUS inflation falls sharply as energy prices retreat, but relief may prove temporary
The American ConservativeConsumer Price Inflation Slows to 3.5 Percent in June
NPRInflation slowed sharply -- but it may not last
Epoch TimesInflation Eases to 3.5 Percent on Softer Energy Costs
CBS NewsInflation eased more than expected in June as gas prices fell, CPI report shows
World News GroupInflation slowed to 3.5% in June as gas prices fell
New York PostInflation cools to 3.5% – biggest drop since 2020 – on falling energy prices
Daily SignalTrump Predicts How Iran Escalation Will Affect Economy
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What happened
U.S. consumer prices fell 0.4% from May to June, lowering annual CPI inflation to 3.5% from 4.2% in May, as gasoline, energy, clothing and used-car prices declined. The BLSBureau of Labor StatisticsUS government agency energy index dropped 5.7% in June, offsetting continued increases in housing and food, while core CPI also eased more than expected. Wholesale inflation also retreated: the producer price index fell 0.3% in June, with annual PPI slowing to 5.5% from 6.2% in May. Renewed U.S.-Iran hostilities threaten to push energy costs back up and limit further disinflation.
