US inflation cooled to 3.5% in June, before the latest oil rebound.
The Bureau of Labor Statistics reported that consumer prices fell 0.4% in June and rose 3.5% over 12 months. Core inflation, excluding food and energy, was 2.6% year over year.
Verified 7:20 AM PDT · 1 original sources
The evidence
What the reporting establishes
What happened
The Bureau of Labor Statistics reported that consumer prices fell 0.4% in June and rose 3.5% over 12 months. Core inflation, excluding food and energy, was 2.6% year over year.
Pressure point
June captured falling energy prices during a temporary US-Iran ceasefire. It does not include the renewed conflict and oil-price rise now threatening to reverse part of that relief.
What to watch
July gasoline and electricity prices, core services, wage growth, inflation expectations, Federal Reserve guidance, and whether the next report separates AI-related equipment pressure from energy effects.
Audit the story
Original sources
Company claims remain company claims. Follow the reporting and judge the evidence directly.
- US Bureau of Labor StatisticsConsumer Price Index Summary - June 2026 ↗
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