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.
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Consumer Prices Cooled Last Month—Down From 3-Year High As Gas Prices Eased
Renewed Attacks On Iran Could Disrupt Progress On Falling Gas Prices
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
US consumer inflation likely increased at a slow pace in June as gasoline prices retreated
Here’s the inflation breakdown for June 2026 — in one chart
US consumer prices drop in June as energy costs tumble
Falling gas prices likely cut inflation last month
Why cooling US inflation eases pressure on the Fed despite oil prices jumping after Iran strikes
Fuel costs boosted inflation to its highest rate in years the previous month.
US inflation accelerated to 4.2% in May, driven by a sharp rise in energy prices as gasoline costs climbed more than 40%…
US inflation rose to 4.2% in May, the highest since 2023. Inflation at 3.8% or less in June at 52.9% YES.
Prices dropped 0.4% in June from May, the largest monthly drop in four years, the Labor Department said Tuesday.
Gas prices dropped in response to negotiations between the U.S. and Iran.
Inflation has surged to its highest level in more than three years since the U.S. and Israel launched their war on Iran,…
