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US consumer inflation likely increased at a slow pace in June as gasoline prices retreated
U.S. consumer inflation probably slowed in June, but rate hikes remain possible. Gasoline prices retreated from highs after a fragile ceasefire took hold. This truce collapsed, causing prices to reverse course and rise again. Higher food prices are also expected due to conflict and weather conditions. Core inflation, excluding food and energy, showed moderate increases.
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npr.org
Inflation slowed sharply -- but it may not last
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…
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forbes.com
Consumer Prices Cooled Last Month—Down From 3-Year High As Gas Prices Eased
Fuel costs boosted inflation to its highest rate in years the previous month.
