politics
U.S. inflation cooled more than expected in June
Labor Department data showed inflation fell more than forecast last month. The decline followed lower gasoline prices after U.S. diplomatic efforts with Iran.
Jul 14, 11:26 AM·1m read2 sources
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Labor Department data released this month showed inflation cooled more than expected in June. The report attributed the slowdown to falling gasoline prices that followed U.S. diplomatic efforts with Iran.
Price changes Gasoline costs declined during the period covered by the data.
Officials said the drop contributed directly to the lower overall inflation reading.
Next steps The June figures will be used by policymakers to assess price trends.
Additional monthly data releases are scheduled in the coming weeks.
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