Claims: Inflation cools to 3.5% in June in relief brought by brief US-Iran peace deal
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- title: Inflation cools to 3.5% in June in relief brought by brief US-Iran peace deal Source
- url: https://www.theguardian.com/business/2026/jul/14/june-cpi-report-inflation-cools-iran-deal Source
- summary: Recent strikes have sent oil prices climbing again, with average gas price per gallon up by $0.70 compared with 2025 Inflation cooled to an annual rate of 3.5% in June as the brief US-Iran ceasefire, which has since ended, brought energy prices down, according to new data from the Bureau of Labor Statistics. The consumer price index (CPI), which measures a basket of goods and services, has been elevated since the start of the war, largely because of higher energy prices. After mostly staying und… Source
- published: Tue, 14 Jul 2026 16:56:56 GMT Source