Marketplace · Tuesday, July 14, 2026
The US consumer price index unexpectedly fell in June, with year-over-year inflation decreasing from 4.2% to 3.5%. The core inflation rate also declined to 2.6%, offering some relief though still elevated, and potentially influencing the Federal Reserve's approach to interest rate policy.
“Unexpected is a word you might use for this morning's inflation data. The consumer price index actually fell in June.”
“Year over year, inflation down from 4.2% in May to 3.5% last month.”
“Still elevated, but at least a little closer to the Fed's 2% target.”