US CPI cools as oil prices surge: How could the US-Iran conflict change the Fed’s interest rate path?
On July 14, the U.S. Bureau of Labor published June 2026 CPI data. June’s CPI year over year, not seasonally adjusted, rose 3.5%, below the market expectation of 3.8% and significantly down from the prior value of 4.2%. Core CPI rose 2.6% year over year, also below the expectation of 2.8% and the prior value of 2.9%. Seasonally adjusted CPI fell 0.4% month over month, the largest one-month drop since April 2020, and the first time in six years that CPI has shown negative month-over-month growth.






























