Annual inflation hit 3.5% in June, down from May's more than three-year high — but the resumption of the conflict with Iran threaten to push up inflation as energy costs once again spike.
A person prepares to pump gas at a Valero gas station on June 16, 2026, in Austin, Texas.
Brandon Bell/Getty Images
hide caption
toggle caption
Brandon Bell/Getty Images
Consumer Prices Cooled Last Month—Down From 3-Year High As Gas Prices Eased
Inflation cools to 3.5% in June in relief brought by brief US-Iran peace deal
US consumer inflation slowed more than expected in June
Renewed Attacks On Iran Could Disrupt Progress On Falling Gas Prices
Trump was finally getting good inflation news- Then oil prices explode
Inflation fell more than expected in June as gas prices eased
Falling gas prices likely cut inflation last month but renewal of Iran war could undo progress
US inflation cools in June before renewed Mideast fighting
Falling gas prices cut inflation last month yet renewal of Iran war could limit progress
US inflation eases to 3.5% in June on lower energy costs
