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US inflation cools in June before renewed Mideast fighting
US consumer inflation cooled more than expected in June, government data showed Tuesday, as energy costs fell on a temporary easing of the US-Iran war.
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abcnews.com
Falling gas prices cut inflation last month yet renewal of Iran war could limit progress
U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, though much of the progress could be reversed if the Iran war…
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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…
