Prof G Markets · Wednesday, July 15, 2026
The US inflation rate dropped to an annual rate of 3.5% in June, exceeding economists' predictions. Much of this decrease was attributed to lower energy prices, influenced by a US-Iran ceasefire, but this relief may be temporary. The recent escalation of US strikes on Iranian targets has caused Brent crude to climb, potentially driving inflation upwards again.
“Inflation cooled to an annual rate of three and a half percent in June, which was lower than economists had predicted.”
“Much of that drop was driven by lower energy prices, after the US Iran ceasefire eased fears of supply disruptions, but that relief may be short-lived.”
“Last week, of course, President Trump declared the ceasefire over, and yesterday, the US launched a new round of strikes on Iranian targets.”