Inflation Slows in June Driven by Drop in Energy Prices
· Telemundo McAllen (KTLM)
Inflation in the United States slowed to 3.5% in June, primarily due to a drop in energy prices, including gasoline and electricity, according to the Bureau of Labor Statistics (BLS). The Consumer Price Index (CPI) fell by 0.4%, marking the largest monthly decrease since April 2020. Energy prices decreased by 5.7%, offsetting slight increases in food (0.2%) and housing (0.3%). However, recent spikes in oil prices, which rose about 15% this week, may lead to higher gasoline prices soon. The report highlights ongoing challenges with elevated prices affecting consumers and policymakers alike.
AI summary · Source: Telemundo McAllen (KTLM) →
