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Consumer prices rose 3.5% annually in June, less than expected as energy prices eased

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July 14, 2026

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Consumer prices posted their biggest decline in more than six years during June as a sharp swoon in energy prices provided at least temporary relief from this year’s inflation surge, the Bureau of Labor Statistics reported Tuesday.

The consumer price index, a broad measure of costs for goods and services across the U.S. economy, was lower than expected across the board. CPI fell a seasonally adjusted 0.4% for the month, bringing the annual inflation rate down to 3.5%.

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Consumer prices rose 3.5% annually in June, less than expected as energy prices eased · CNBC Television · Sentinel