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) decreased by 0.4% in seasonally adjusted terms, marking the largest monthly decline since April 2020. Energy prices fell by 5.7%, offsetting increases in food (up 0.2%) and housing (up 0.3%). Despite the overall decrease, rising oil prices could lead to higher gasoline costs soon. The report does not reflect the recent surge in energy prices that began this week, as storage reserves hit decades-low levels.
AI summary · Source: Telemundo McAllen (KTLM) →
