CNBC

Consumer prices rose 3.5% annually in June, less than expected as energy prices eased

Anadolu Agency

US inflation eases to 3.5% in June as energy prices fall sharply

The Hill

Inflation fell in June after short-lived Iran deal brought energy prices down

Newsmax

CPI Inflation Slows More Than Expected to 3.5%

Warsh: Fed Has 'No Tolerance' for High Inflation

BBC News

US inflation rate eases to 3.5% as gasoline prices fall

Fox Business

Consumer inflation cooled more than expected in June as gas prices fell

Financial Times

US inflation fell more than expected to 3.5% in June as petrol prices tumbled

CBS News

Inflation eased more than expected in June as gas prices fell, CPI report shows

France24.com

US consumer inflation cools in June on lower energy costs

Substack

Inflation would be tamed, if not for Trump

Heritage Foundation

Less Than 1 Percent Inflation? Yes.

Inquirer

Americans continue to bear the cost of Trumps chaos | Editorial

The Institute for the Study of War

CSIS

The Economist

Imad Salamey

Ahmed Fouad Alkhatib

Fitch Ratings

Esmaeil Baghaei

Steven Cook

Samih Maaitah

Hakan Fidan

Abiola Falayajo Jr.

James Jos. Kroeger

Prof. Paul Brown, PhD

James A. Kostohryz

Kenneth Pollack

"Neither Iran nor Lebanese Hezbollah is at all likely to pursue such a course of action [a full-scale attack on Israel]."

"The fighting will remain contained between Israel and Iran, and will not persist for more than a few weeks."

"An all-out war between Israel and Iran is not inevitable, but it remains a serious risk."

"Israel & US manufactured a fake crisis with Iran that could lead to all-out war."

"There will be an all-out war between Israel and Iran and Iran will successfully disrupt flows through Strait of Hormuz."

"This [a wider Israeli war with Iran] is now more likely."

"[T]he Middle East is an inch away from an all-out war between Israel and Iran."

Will There Be a Full-Scale Israel-Iran War?

U.S. consumer prices fell 0.4% in June on a monthly basis, the largest single-month decline since April 2020, bringing the annual inflation rate down to 3.5% from 4.2% in May, according to the Bureau of Labor Statistics.

U.S. consumer prices fell 0.4% in June on a monthly basis, the largest single-month decline since April 2020, bringing the annual inflation rate down to 3.5% from 4.2% in May, according to the Bureau of Labor Statistics.

A 5.7% drop in energy prices drove the monthly decline, with gasoline falling 9.7% and fuel oil dropping 9.2%. Despite the monthly pullback, energy prices remained 15.7% higher than a year earlier, with gasoline up 26.7% annually.

A 5.7% drop in energy prices drove the monthly decline, with gasoline falling 9.7% and fuel oil dropping 9.2%. Despite the monthly pullback, energy prices remained 15.7% higher than a year earlier, with gasoline up 26.7% annually.

Core inflation, which excludes food and energy, was unchanged month-over-month in June and slowed to 2.6% annually from 2.9% in May. Shelter costs rose just 0.1%, the smallest monthly increase since January 2021, while food prices rose 0.2%.

Core inflation, which excludes food and energy, was unchanged month-over-month in June and slowed to 2.6% annually from 2.9% in May. Shelter costs rose just 0.1%, the smallest monthly increase since January 2021, while food prices rose 0.2%.

The June inflation numbers come <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.verity.news/story/2026/iran-hits-oil-tankers-trump-notifies-congress-of-renewed-war">before renewed U.S.-Iran hostilities</a> have pushed oil prices higher. Brent crude climbed above $80 a barrel on Tuesday, and the national average for gasoline rose to $3.86 a gallon, up from $3.79 a week earlier.

The June inflation numbers come before renewed U.S.-Iran hostilities have pushed oil prices higher. Brent crude climbed above $80 a barrel on Tuesday, and the national average for gasoline rose to $3.86 a gallon, up from $3.79 a week earlier.

Following the Consumer Price Index (CPI) release, the CME FedWatch tool showed roughly an 86% probability that the Fed would hold its benchmark rate steady at 3.5% to 3.75% at its next meeting. The Fed is scheduled to make its next interest rate decision on July 29.

Following the Consumer Price Index (CPI) release, the CME FedWatch tool showed roughly an 86% probability that the Fed would hold its benchmark rate steady at 3.5% to 3.75% at its next meeting. The Fed is scheduled to make its next interest rate decision on July 29.

Federal Reserve Chair Kevin Warsh, in prepared remarks ahead of his first congressional testimony Tuesday, said the Fed has "no tolerance for persistently elevated inflation" and vowed that "the inflation surge of the last five years will be a thing of the past."

Federal Reserve Chair Kevin Warsh, in prepared remarks ahead of his first congressional testimony Tuesday, said the Fed has "no tolerance for persistently elevated inflation" and vowed that "the inflation surge of the last five years will be a thing of the past."

Trump's tariffs and the Iran conflict have driven inflation higher, costing the average American family over $2,500 this year — the exact opposite of what was promised. Energy prices are straining budgets, real incomes are falling, and lower-income Americans are getting hit hardest. Trump's recklessness is costing America dearly.

Trump's tariffs and the Iran conflict have driven inflation higher, costing the average American family over $2,500 this year — the exact opposite of what was promised. Energy prices are straining budgets, real incomes are falling, and lower-income Americans are getting hit hardest. Trump's recklessness is costing America dearly.

The Pinpoint Press

Democratic narrative

Real-time data shows inflation running at just 0.9% — one-third of CPI — because government metrics badly lag housing, now falling in deportation-heavy cities. The Fed's outdated methodology missed Bidenflation's peak and is missing Trump's deflationary gains. Warsh at the Fed means lower rates and a methodology that finally tells the truth.

Real-time data shows inflation running at just 0.9% — one-third of CPI — because government metrics badly lag housing, now falling in deportation-heavy cities. The Fed's outdated methodology missed Bidenflation's peak and is missing Trump's deflationary gains. Warsh at the Fed means lower rates and a methodology that finally tells the truth.

The Heritage Foundation

Republican narrative

There is a 50% chance that the annual headline CPI inflation in the United States in 2026 will be at least 3.2%, according to the Metaculus prediction community.

There is a 50% chance that the annual headline CPI inflation in the United States in 2026 will be at least 3.2%, according to the Metaculus prediction community.

US Inflation Drops to 3.5% in June on Energy Price Reprieve

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US Inflation Drops to 3.5% in June on Energy Price Reprieve

The Spin

Democratic narrative

Republican narrative

Metaculus Prediction

Public Figures

The Controversies

War

Ratings

Jr.

PhD

Kostohryz

Cook

Economist

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