BUSINESSQUARTZ
Inflation just dropped from 4.2% to 3.5%. Oil prices did that — for now
Inflation decreased to 3.5% from 4.2%, with the monthly all-items index dropping 0.4% in June due to falling energy costs. The decline marks the largest single-month decrease since April 2020.
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Adjacent reporting
- US inflation fell more than expected to 3.5% in June as petrol prices tumbled
- Inflation slowed in June as energy markets stabilized temporarily
- Inflation cools to 3.5% in June in relief brought by brief US-Iran deal
- Inflation fell last month on lower gas prices, while underlying inflation also cooled
- Mexico’s Prices Fell Again in June. Core Inflation Rose Again.
- Consumer prices rose 3.5% annually in June, less than expected as energy prices eased