Consumer prices rose 3.5% annually in June, less than expected as energy prices eased

[BumRushDaShow]

Source: CNBC

Published Tue, Jul 14 2026 8:32 AM EDT Updated 2 Min Ago


Consumer prices posted their biggest decline in more than six years during June as a sharp swoon in energy prices provided at least temporary relief from this year’s inflation surge, the Bureau of Labor Statistics reported Tuesday.

The consumer price index, a broad measure of costs for goods and services across the U.S. economy, was lower than expected across the board. CPI fell a seasonally adjusted 0.4% for the month, bringing the annual inflation rate down to 3.5%.

Economists surveyed by Dow Jones had been looking for a drop of 0.2% and an inflation rate of 3.8%, following the 4.2% reading in May. The monthly drop in headline inflation was the biggest since April 2020.



Core inflation, which excludes food and energy, was flat on the month, putting the 12-month rate at 2.6%. The consensus forecast was for respective increases of 0.2% and 2.9%, following a 2.9% May level.

Read more: https://www.cnbc.com/2026/07/14/consumer-price-index-inflation-report-june-2026.html

---

From the source -

Link to tweet

BLS-Labor Statistics
@BLS_gov
·
Follow
CPI for all items falls 0.4% in June; gasoline down #BLSData https://bls.gov/news.release/archives/cpi_07142026.htm
8:30 AM · Jul 14, 2026

Article updated.

Previous article -

Published Tue, Jul 14 2026 8:32 AM EDT Updated 3 Min Ago


Consumer prices posted their biggest decline in more than six years during June as a sharp swoon in energy prices provided at least temporary relief from this year's inflation surge, the Bureau of Labor Statistics reported Tuesday.

The consumer price index, a broad measure of costs for goods and services across the U.S. economy, was lower than expected across the board. CPI fell a seasonally adjusted 0.4% for the month, bringing the annual inflation rate down to 3.5%. Economists surveyed by Dow Jones had been looking for a drop of 0.2% and an inflation rate of 3.8%.

Core inflation, which excludes food and energy, was flat on the month, putting the 12-month rate at 2.6%. The consensus forecast was for respective increases of 0.2% and 2.9%.

This is breaking news. Please refresh for updates.

Original article -

Published Tue, Jul 14 2026 8:32 AM EDT


The consumer price index in June was expected to increase 3.8% from a year ago, according to the Dow Jones consensus estimate.


This is breaking news. Please refresh for updates.