CPI 3.5% annually in June, less than expected

The consumer price index fell a seasonally adjusted 0.4% for the month, bringing the annual inflation rate down to 3.5%. Wall Street had expected a 0.2% monthly decline and 3.8% annual level. The monthly drop was the largest since April 2020.

https://www.cnbc.com/2026/07/14/consumer-price-index-inflation-report-june-2026.html