U.S. inflation cools to 3.5% in June as energy costs drop
Consumer prices fell 0.4% in June, leaving the seasonally adjusted year-over-year inflation rate at 3.5%, the U.S. Bureau of Labor Statistics says.
U.S. inflation decreased 0.4% in June, producing a seasonally adjusted annual inflation rate of 3.5%, according to the U.S. Bureau of Labor Statistics. The decline was driven largely by rapidly falling energy costs and came in better than expected.