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July 14, 2026
US Inflation Rate Drops to 3.5% Due to Brief US-Iran Ceasefire
- The annual inflation rate decreased to 3.5% in June, down from 4.2% in May, as energy prices fell significantly due to a brief US-Iran ceasefire.
- Gasoline prices dropped 9.7% last month, but the national average has recently risen to $3.87 per gallon amid renewed tensions.
- Core inflation remained flat at 2.6%, with analysts warning of potential increases due to geopolitical factors.
6 Sources
- Consumer prices rose 3.5% annually in June, less than expected as energy prices easedJul 14, 2026 at 12:42 PM · CNBC
- Inflation fell in June after short-lived Iran deal brought energy prices downJul 14, 2026 at 12:45 PM · The Hill
- Inflation has biggest drop since 2020Jul 14, 2026 at 1:13 PM · Axios
- Inflation cools to 3.5% in June in relief brought by brief US-Iran peace dealJul 14, 2026 at 1:29 PM · The Guardian
- US inflation rate eases to 3.5% as gasoline prices fallJul 14, 2026 at 1:51 PM · BBC
- White House Cheers Inflation Data While Iran War Sparks New Price SurgeJul 14, 2026 at 2:31 PM · NYT