U.S. inflation eased in June even more than expected.

Inflation eased more than expected in June, handing Federal Reserve officials another dose of encouraging data as they inch closer to cutting interest rates and giving long-awaited relief to households and businesses.
Data released Thursday by the Bureau of Labor Statistics showed that prices climbed 3 percent compared with last year, an improvement from the 3.3 percent annual figure notched in May. Prices also fell 0.1 percent over the previous month.

US consumer inflation eases more than expected in June Post Content

US inflation eased more than expected in June Posted into Semafor @semafor-Semafor

Inflation eased further in June, handing Federal Reserve officials another dose of encouraging data as they inch closer to cutting interest rates and taking pressure off the economy. 
Consumer prices rose at a lower rate, 3 percent compared with last year, an improvement from the 3.3 percent annual figure notched in May. Prices also fell 0.1 percent over the previous month.

“U.S. inflation eased in June even more than economists had expected, further extending a recent slowdown in price increases.”