June CPI Expected to Show Cooling Inflation Amid Declining Fuel Prices
The upcoming June Consumer Price Index (CPI) report is expected to show a decline in U.S. inflation, primarily due to falling fuel prices following the ceasefire between the United States and Iran. The monthly headline CPI is forecasted at -0.1%, with annual inflation seen retreating from 4.2% to 3.8%. Core CPI figures are projected to rise slightly but remain stable.
Topics: ceasefire CPI oil prices US inflation