U.S. Inflation Slows to 3.5% in June as Gasoline Falls Below $3.86
Updated
Updated · Crypto Briefing · Jul 14
U.S. Inflation Slows to 3.5% in June as Gasoline Falls Below $3.86
3 articles · Updated · Crypto Briefing · Jul 14
Summary
U.S. consumer prices fell 0.4% in June, pulling annual inflation down to 3.5% from 4.2% in May and undercutting earlier reports that had pointed to a 4% reading.
Gasoline led the cooling: pump prices dropped from more than $4.56 a gallon in June to about $3.84-$3.86 in early July, easing headline inflation and reinforcing the energy-driven slowdown.
Core inflation was unchanged in June, with the broader decline also helped by lower clothing and used-car prices, giving the Federal Reserve more room to consider rate cuts later in 2026.
That relief may prove fragile if renewed Iran-war tensions lift oil prices again, a risk that could reverse recent disinflation and reshape both Fed expectations and the political backdrop.