U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while underlying price pressures also cooled more than expected.

Despite ticking down in June, overall U.S. inflation is still much higher than peer countries. Plus, student loans, legacy tech, car detailing, and fertilizer prices.

U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while underlying price pressures also cooled more than…