Inflation Slows to 3.5% in June Amid Declining Gas Prices
U.S. consumer price inflation slowed to 3.5% year-over-year in June, down from May's 4.2%, as gasoline prices dropped significantly and broader economic price increases moderated. The reading beat expectations of 3.8%. However, core inflation remains a concern for economists due to persistent cost pressures.
Topics: consumer prices economic trends gasoline prices inflation