Inflation fell more than expected in June as gas prices eased

Gas prices dropped in response to negotiations between the U.S. and Iran.

July 14, 2026, 8:34 AM

Inflation dropped more than expected in June as gas prices eased in response to negotiations between U.S. and Iran over the Middle East conflict.

Prices rose 3.5% in June compared to a year earlier, marking a retreat from a year-over-year inflation rate of 4.2% in the prior month, federal government data showed.

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