{"success":true,"data":{"id":"7ba3399b-5118-44d2-9983-e86202be09b9","title":"US consumer inflation slowed more than expected in June","summary":"Stay up to date with notifications from The Independent Notifications can be managed in browser preferences. Not now Yes please US Edition Change Support Now × \"Clear search box\") Custom Search Sort by Relevance Date NewsNews World CupWorld Cup SportsSports CultureCulture LifestyleLifestyle MoneyMon...","content":"## Stay up to date with notifications from The Independent\n\nNotifications can be managed in browser preferences.\n\nNot now Yes please\n\nUS Edition Change\n\nSupport Now\n\n[×](javascript:void(0) \"Clear search box\")\n\nCustom Search\n\nSort by\n\nRelevance\n\nDate\n\n*   News[News](https://www.independent.co.uk/us)\n\n*   World Cup[World Cup](https://www.independent.co.uk/sport/football/world-cup)\n\n*   Sports[Sports](https://www.independent.co.uk/sport)\n\n*   Culture[Culture](https://www.independent.co.uk/arts-entertainment)\n\n*   Lifestyle[Lifestyle](https://www.independent.co.uk/life-style)\n\n*   Money[Money](https://www.independent.co.uk/us/money)\n\n*   Travel[Travel](https://www.independent.co.uk/us/travel)\n\n*   Premium[Premium](https://www.independent.co.uk/independentpremium)\n\nMore\n\nMore\n\n### Thank you for registering\n\nPlease refresh the page or navigate to another page on the site to be automatically logged in Please refresh your browser to be logged in\n\n# US consumer inflation slowed more than expected in June\n\n## The pullback in the CPI mostly reflects a retreat in gasoline prices from multi-year highs as a fragile ceasefire between the U.S. and Iran took hold last month\n\n[Lucia Mutikani](https://www.independent.co.uk/author/lucia-mutikani)Tuesday 14 July 2026 13:55 BST\n\n*   Copy link  \n*   Bookmark  \n\n## Bookmark popover\n\nRemoved from bookmarks\n\nClose popover\n\nPowered By\n\n10 Sec\n\n27.7K\n\n0\n\nTrump Says He's 'Number One' On Iran's Target List\n\nNext video in\n\nNext\n\nKEEP WATCHING\n\nTrump says he's 'number one' on Iran's target list\n\n### Your support helps us to tell the story\n\nFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. 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We believe quality journalism should be available to everyone, paid for by those who can afford it.\n\n**Your support makes all the difference.**\n\nU.S. consumer inflation slowed more than expected in June, but that will probably offer little comfort to households or rule out an interest rate increase from the Federal Reserve this year, with the conflict in the Middle East still unresolved.\n\nThe [Consumer Price Index](https://www.independent.co.uk/topic/consumer-price-index) increased by a still-high 3.5% in the 12 months through June after surging 4.2% in May, which was the largest year-on-year rise since April 2023, data from the Labor Department's Bureau of Labor Statistics showed on Tuesday. The CPI fell 0.4% over the month after advancing 0.5% in May. Economists polled by _Reuters_ had forecast the CPI rising 3.8% year-on-year and dipping 0.1% on a monthly basis.\n\nThe pullback in the CPI mostly reflects a retreat in gasoline prices from multi-year highs as a fragile ceasefire between the U.S. and Iran took hold last month. That truce, however, collapsed last week after commercial tankers came under fire in the Strait of Hormuz, triggering military strikes between the United States and Iran.\n\nGasoline prices have reversed course as a result, with the national average rising to $3.86 a gallon on Tuesday from $3.79 a week ago, data from motorist advocacy group AAA showed.\n\nFurther increases are likely as oil prices rose to a four-week high on Tuesday after the U.S. reimposed a naval blockade of Iran. President Donald Trump said on Monday the United States would reinstate a blockade in the Strait of Hormuz, a vital route for global oil supplies, that has become ​one of the main battlegrounds of the conflict.\n\nUndo\n\nUndo\n\n[](https://www2.dogdentaltruth.com/cid/7013w000002T0t7AAC)[Vet Says This Is The Safest Way To Help Clean Your Dog’s Teeth (And It Only Takes Seconds)Dr. Marty | [Sponsored](https://popup.taboola.com/en/?template=colorbox&utm_source=eslmedia-theindependent&utm_medium=referral&utm_content=alternating-thumbnails-stream-1x4:Mid%20Article%20Thumbnails%20II:)[Sponsored](https://popup.taboola.com/en/?template=colorbox&utm_source=eslmedia-theindependent&utm_medium=referral&utm_content=alternating-thumbnails-stream-1x4:Mid%20Article%20Thumbnails%20II:)](https://www2.dogdentaltruth.com/cid/7013w000002T0t7AAC \"Vet Says This Is The Safest Way To Help Clean Your Dog’s Teeth (And It Only Takes Seconds)\")","source_name":"The Independent","source_url":"https://www.independent.co.uk/us/money/cpi-report-us-inflation-rate-b3014586.html","url":"https://www.independent.co.uk/us/money/cpi-report-us-inflation-rate-b3014586.html","author":"Lucia Mutikani","author_name":"Lucia Mutikani","published_at":"2026-07-14T12:55:29.000Z","publication_date":"2026-07-14T12:55:29.000Z","image_url":"https://static.independent.co.uk/2026/07/14/12/29/GettyImages-2284668587.jpg","category":"world","topic":"world","tags":[],"political_bias":null,"bias_score":null,"confidence_score":null,"credibility_score":null,"factual_quality":null,"reading_time":4,"word_count":629,"view_count":0,"breaking":false,"breaking_news":false,"ai_analysis":null,"fact_check_status":"unverified","archive_status":"hot"}}