US Consumer Price Index (CPI) inflation cooled in June to 3.5 per cent from 4.2 per cent in May on the back of a big drop in gasoline prices, bringing some respite to consumers

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,…

US inflation for June is expected to slow due to falling gasoline prices. Inflation at 3.8% or less priced at 49.8% YES.

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

...led by a huge drop in energy costs.