Lower gasoline prices slowed inflation in June, though many household costs remained stubbornly high.

Inflation likely cooled last month as gas prices declined, providing consumers with some welcome relief even as renewed combat with Iran has sent oil prices climbing again

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…

Inflation fell seven-tenths of a percentage point in June to 3.5%, a huge drop and the first such decline in five months.