Inflation Crushed: Consumer Prices Fall Sharply in June, Much Better Than Expected, Biggest Decline in 26 YearsJohn Carney 14 Jul 2026
1:28
Consumer prices fell sharply in June thanks to relief at the gas pump.
The consumer price index fell 0.4 percent last month compared with May, the Department of Labor said Tuesday. Compared with a year ago, prices are 3.5 percent.
Economists had forecast a 0.1 percent monthly decline after May’s sharp 0.5 percent increase. The inflation index was expected to climb 3.8 percent from a year earlier, a slowdown in annual inflation from May’s 4.2 percent.
Core prices, a measure that excludes food and energy, were flat compared with the prior month. For the year, core prices are up 2.6 percent.
Energy prices fell 5.7 percent in June after rising 3.9 percent in May, 3.8 percent in April, and 10.9 percent in March. Gasoline prices fell 9.7 percent after rising 7.0 percent in May, 5.4 percent in April, and 21.2 in March.
Grocery prices rose 0.2 percent for the month and are up 2.7 percent from a year earlier. Dining out prices also rose 0.2 percent for a 3.4 percent year-over-year increase.
Core goods prices—that is, those outside of energy and food—fell 0.2 percent and are up 0.8 percent from a year ago. Services excluding energy related services were flat for the month. They have risen 3.2 percent over the last 12 months.
https://www.breitbart.com/economy/2026/07/14/consumer-prices-fall-sharply-in-june-much-better-than-expected/
