US CPI clocks in at 3.5%
Consumer prices in the US declined 0.4% on a seasonally adjusted basis in June, which marks the sharpest monthly drop in more than six years and pulling annual inflation down to 3.5% from the expected 3.8%.
July 14, 2026 (MLN): Consumer prices in the US declined 0.4% on a seasonally adjusted basis in June, which marks the sharpest monthly drop in more than six years and pulling annual inflation down to 3.5% from the expected 3.8%. The reading came in well below market expectations, driven largely by a steep pullback in energy costs that offered temporary relief after months of elevated price pressures. Core inflation,...