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Jul 14, 2026

U.S. consumer inflation slows to 3.5% in June as gasoline prices fall

Consumer price inflation eased to 3.5% annually in June, down from previous months, driven primarily by declining gasoline prices, though experts warn the Iran conflict could reverse progress.

Jul 14, 2026·4 sources
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Top claims

  • ▪The price of a barrel of Brent crude oil, the global benchmark, hit $87 on July 14, 2026, an increase of almost $10 in 24 hours
  • ▪President Donald Trump announced the U.S. would reinstate a naval blockade in the Strait of Hormuz, a route for about 20% of the world's oil
  • ▪The national average price for a gallon of gasoline rose to approximately $3.86-$3.87 by July 14, 2026, reversing earlier declines

Subtopics

Consumer prices1Energy prices1Iran War1Oil market1U.S. economic policy1

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