US Inflation Drops Sharply: Largest Decline in Over Six Years
The US consumer price index (CPI) fell by 0.4% from May to June, marking the largest one-month decline since April 2020 and signaling a significant easing of inflationary pressures. The energy sector was the primary driver behind this drop, with prices plunging 5.7%. Additionally, core CPI remained unchanged at zero percent.
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Topics: consumer price index CPI inflation Trump's economic policy