Inflation cools to 3.5% in June in relief brought by brief US-Iran peace deal
Recent strikes have sent oil prices climbing again, with average gas price per gallon up by $0.70 compared with 2025Inflation 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…
Source: www.theguardian.com