The June inflation report, released Tuesday morning, delivered a result few analysts expected. After several months in which inflation remained stubbornly above 3% on an annual basis, the Consumer Price Index fell by 0.4% in June. This was not simply a case of prices rising more slowly. Prices actually declined, marking the first monthly drop […]
The June inflation report, released Tuesday morning, delivered a result few analysts expected. After several months in which inflation remained stubbornly above 3% on an annual basis, the Consumer Price Index fell by 0.4% in June. This was not simply a case of prices rising more slowly. Prices actually declined, marking the first monthly drop in the CPI since May 2020.
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