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Today’s Lead Story
Wednesday, July 15

Inflation

June Inflation Came In at 3.5% — Better Than Expected, Biggest Monthly Drop Since 2020

via Bureau of Labor Statistics

June consumer prices fell 0.4% for the month — the largest monthly decline since April 2020 — bringing the annual inflation rate from 4.2% down to 3.5%, beating the 3.8% forecast. Energy costs dropped 5.7% in June, while core inflation (excluding food and energy) was flat month-over-month.

Why it matters

A bigger-than-expected price drop means more breathing room in household budgets, and it reduces pressure on the Federal Reserve to raise rates at its July 28–29 meeting.

See all today’s storiesRead source

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