US Inflation Hits 3.5%, Marking Largest Decline Since 2020
WHO:
NY Post - Bureau of Labor Statistics reported the inflation data.
WHAT:
IJR - The Consumer Price Index declined 0.4 percent from May, marking the largest monthly decrease since 2020.
IJR - The report on the Consumer Price Index was considerably better than economists had expected.
NY Post - The Consumer Price Index cooled off from 4.2% in May to 3.5% in June, according to the Bureau of Labor Statistics.
Bloomberg Markets - The Consumer Price Index fell 0.4% in June, marking the largest decline in gasoline prices since 2022.
Bloomberg Markets - Tiffany Wilding, economist at Pimco, provided analysis of the inflation data on “Bloomberg Surveillance.”
NY Post - The Consumer Price Index rose 3.5% in June over the past 12 months.
Bloomberg Markets - US consumer prices declined in June for the first time in six years.
Bloomberg Markets - A key gauge of underlying inflation was little changed.
WHERE:
NY Post - The inflation data pertains to the United States.
WHEN:
NY Post - The inflation rate of 3.5% was reported for June.
Bloomberg Markets - The decline in consumer prices occurred in June.
WHY:
Bloomberg Markets - The decline in inflation was attributed to the biggest decline in gasoline prices since 2022.
NY Post - The decline in inflation was attributed to falling energy prices.
Bloomberg Markets - The decline in consumer prices took some pressure off the Federal Reserve to raise interest rates.
HOW:
NY Post - The Consumer Price Index is calculated by the Bureau of Labor Statistics based on various economic factors.
(UPDATED July 15, 2026 00:11 UTC)
The Consumer Price Index has seen a notable decline of 0.4 percent from May, marking the largest monthly decrease since 2020. This report has exceeded economists' expectations, indicating a more favorable economic outlook. As inflation continues to be a critical focus, this drop in the index could have significant implications for consumers and policymakers alike.
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(UPDATED July 14, 2026 16:22 UTC)
The Consumer Price Index has cooled off from 4.2% in May to 3.5% in June, according to the Bureau of Labor Statistics. This decline in inflation is attributed to the largest drop in gasoline prices since 2022. Analysts are closely monitoring these changes as they could impact future economic policies.
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(UPDATED July 14, 2026 15:23 UTC)
The Consumer Price Index saw a notable drop of 0.4% in June, which is the largest decline in gasoline prices since 2022. Tiffany Wilding, an economist at Pimco, shared her insights on this inflation data during an appearance on “Bloomberg Surveillance.” This significant shift in consumer prices highlights ongoing trends in the economy.
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(UPDATED July 14, 2026 14:35 UTC)
The Bureau of Labor Statistics has reported that the Consumer Price Index in the United States rose by 3.5% in June over the past twelve months. Interestingly, this marks the first decline in US consumer prices in June for the first time in six years, largely due to falling energy prices, which has eased some pressure on the Federal Reserve regarding interest rate hikes. While a key measure of underlying inflation remained relatively unchanged, these developments reflect significant shifts in the economic landscape.