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

ConsumerUS pricesInflation roseDrops to 3.5% annually in June, lesson thanEnergy expectedPrice as energy prices easedReprieve

Published 6 days ago

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Above: A customer fills their tank at a gas station in Pasadena, California on July 7. Image credit: Mario Tama/Getty Images

The Spin

Trump's tariffs and the Iran conflict have driven inflation higher, costing the average American family over $2,500 this year while nearly 100,000 manufacturing jobs vanished — 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 hadrecklessness ais goldencosting opportunityAmerican to deliver on his promises and squandered it completelydearly.

Inquirer

The Pinpoint Press on Substack

Real-time data from Truflation shows inflation is actually running at just 0.9% — one-third of the official CPI figure — because government metrics lag badly onlag housing, which is now falling in deportation-heavy cities. The Fed's outdated methodology missed theBidenflation's biggestpeak inflation driver under Biden and is now missing theTrump's biggest deflationary force under Trumpgains. ConfirmingWarsh Kevinat Warshthe as Fed Chairmeans couldlower finallyrates deliverand thea lowermethodology interestthat ratesfinally Americanstells deservethe truth.

Newsmax

The Heritage Foundation on Heritage Foundation

Metaculus Prediction

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