
In June, inflation fell to a 3.5% annual rate, down from 4.2% in May, as a brief US-Iran ceasefire temporarily reduced energy prices. The ceasefire has since ended, and recent strikes have caused oil prices to rise again. Core inflation, excluding energy and food, decreased to 2.6%. The data comes from the Bureau of Labor Statistics and highlights the impact of geopolitical events on consumer prices.
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Annual inflation rate at 3.5% in June
Inflation cooled to an annual rate of 3.5% in June.
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Inflation cooled to an annual rate of 3.5% in June.
The Guardian<p>Recent strikes have sent oil prices climbing again, with average gas price per gallon up by 70 cents on last year</p><p>Inflation cooled to an annual rate of 3.5% in June as the brief US-Iran ceasefire, which has since ended, brought energy prices down, according to new data from the Bureau of Labor Statistics.</p><p>The consumer price index (CPI), which measures a basket of goods and services, has been elevated since the start of the war, largely because of higher energy prices.
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Inflation cooled to an annual rate of 3.5% in June.
The GuardianThe brief US-Iran ceasefire brought energy prices down.
The GuardianThe US-Iran ceasefire has since ended.
The GuardianCPI reached a three-year high of 4.2% in May.
The GuardianCore inflation decreased slightly to 2.6%.
The GuardianRecent strikes have sent oil prices climbing again.
The GuardianAverage gas price per gallon is up by 70 cents on last year.
The Guardian