Inflation Fell in June as Iran War Receded. Now, It Might Roar Back.

Inflation is slowing and paychecks are rising – so why does life feel so unaffordable?

Americans’ hourly wages are on the rise, but not enough to keep up with inflation. The Bureau of Labor Statistics released its latest data Tuesday, and it shows that while inflation fell 0.4% in June, it’s still enough to essentially nullify any pay increases average Americans may see. According to the report, June saw an average hourly wage gain of 3.5% compared to the same time last year. But that’s exactly how much inflation went up in the sa…

Inflation fell in June as Iran war receded. Now, it might roar back.

A U.S.-Iran deal in mid-June caused oil prices – and inflation rates – to plunge globally. What happens next depends on the antagonists vying over the strategic Strait of Hormuz.

Falling gas prices cut inflation in June

WASHINGTON (AP) — U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, though much of the progress could be reversed if the Iran war keeps worsening.

Inflation slowed sharply — but it may not last

Annual inflation hit 3.5% in June, down from May's more than three-year high — but the resumption of the conflict with Iran threaten to push up inflation as energy costs once again spike.

Inflation Slowed During Pause in War With Iran

The Consumer Price Index fell to a 3.5 percent annual increase in June, and prices marked their biggest drop from a month earlier since 2020. Source link : https://www.nytimes.com/2026/07/14/business/economy/inflation-cpi.html Author : Ben Casselman and Colby Smith Publish date : 2026-07-14 14:44:00 Copyright for syndicated content belongs to the linked Source.