Economy

U.S. consumer prices fell for the first time in four years in June, putting disinflation back on track.

SOURCES
Mastodon8
News1
  • @Cherteapet@c.im
    Unexpected bad news for inflation: Wholesale prices rose in June But .... ??: US consumer prices fell in June for the first time since the early months of the pandemic. Fresh data Thursday revealed that consumer prices dropped 0.1% from May. On an annual basis, inflation eased to 3% last month from 3.3% in May.
  • @Homoevolutis1@lonestar.chat
    CNN International: Prices fell in June for the first time since the start of the pandemic
  • @linguo@mastodon.social
    Prices fell in June since the start of the pandemic
  • @thenewsdesk@flipboard.com
    Prices fell in June for the first time since the start of the pandemic Posted into Top Stories in Business @top-stories-in-business-thenewsdesk
  • @KaraFinance@mastodon.social
    Instant view- Tame US June CPI smoothes path for Fed ease (Reuters) - U.S. consumer prices unexpectedly fell in June and the annual increase was the smallest in a year, reinforcing views that the disinflation trend was back on track and drawing the Federal Reserve another step closer to cutting interest rates. The consumer price index dipped 0.1% last month after being unchanged in May, the Labor Department said on Thursday. It was the second straight month of tame CPI…