Quartz·1 min read·easy
Inflation just dropped from 4.2% to 3.5%. Oil prices did that — for now
✦AI Summary
Inflation in the U.S. decreased from 4.2% to 3.5% in June, marking the largest monthly decline since April 2020. This shift was primarily attributed to a significant reduction in energy and oil costs.
The monthly all-items index fell 0.4% in June, the largest 1-month decrease since April 2020, driven by a sharp drop in energy costs
economybusiness
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in