Topline
Inflation cooled faster than expected in June as a brief peace deal between Iran and the U.S. resulted in lower oil prices, according to federal data published Tuesday.
Fuel costs boosted inflation to its highest rate in years the previous month.
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Key Facts
Consumer prices rose 3.5% from June 2025 and dropped 0.5% from May and June, the Bureau of Labor Statistics reported, well below consensus analyst estimates of a 3.9% annual increase, according to FactSet.
That’s the largest month-to-month decline in consumer prices since April 2020 (0.8%), according to the agency.
This is a developing story.