US consumer prices drop in June as energy costs tumble
- Inflation eased due to cheaper energy, but experts warn price increases may return after renewed US-Iran tensions.
- Consumer prices in the United States tumbled in June as energy prices fell, led by cheaper petrol, after concerns in global energy markets over the Strait of Hormuz temporarily eased.
- Prices fell by 0.4 percent on a monthly basis, according to the Department of Labor’s Bureau of Labor Statistics Consumer Price Index (CPI) released on Tuesday.
Confirmed
- Inflation eased due to cheaper energy, but experts warn price increases may return after renewed US-Iran tensions.
- Consumer prices in the United States tumbled in June as energy prices fell, led by cheaper petrol, after concerns in global energy markets over the Strait of Hormuz temporarily eased.
Unverified
- Prices fell by 0.4 percent on a monthly basis, according to the Department of Labor’s Bureau of Labor Statistics Consumer Price Index (CPI) released on Tuesday.
Sources: Al Jazeera