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Inflation edged down to 3.0% in June, following May’s 3.3%. June’s figure marked the lowest inflation rate since June 2025 and was below market expectations. The Consumer prices unexpectedly fell in June from the previous month, putting the 12-month inflation rate at 3%. Gas prices falling on a seasonally adjusted basis helped The Labor Department on Thursday said that the consumer price index (CPI), a broad measure of how much everyday goods like gasoline, groceries and rent cost, dropped The June 2025 Consumer Price Index (CPI) fell by 0.1% month-over-month (MoM) and rose by 3.0% year-over-year (YoY). Inflation eased across the board; we finally Core goods prices fell on a monthly basis by 0.1% and are down 1.8% for the 12 months ended in June, according to Thursday’s BLS report. Food prices saw a modest

US Inflation Falls to 3% in June 2024: Lowest Rate Since June 2025

Good news for the US economy! Inflation edged down to 3.0% in June 2024, following May’s 3.3%. This significant drop marks the lowest inflation rate since June 2025 and was even below market expectations, signaling a positive trend.

The Labor Department on Thursday released its latest report stating that the consumer price index (CPI), a broad measure of how much everyday goods like gasoline, groceries and rent cost, dropped. This unexpected decrease is a welcome sign for consumers.

The June 2024 Consumer Price Index (CPI) fell by 0.1% month-over-month (MoM) and rose by 3.0% year-over-year (YoY). This confirms that consumer prices unexpectedly fell in June from the previous month, putting the 12-month inflation rate at 3%.

Contributing factors to this decline include falling gas prices on a seasonally adjusted basis. The report shows that inflation eased across the board; we finally see some relief in several key sectors.

Further analysis reveals core goods prices fell on a monthly basis by 0.1% and are down 1.8% for the 12 months ended in June, according to Thursday’s BLS report. Food prices also saw a modest increase, but not enough to offset the overall downward trend.

The continued moderation of inflation provides hope that the Federal Reserve's efforts to curb rising prices are beginning to take effect. Keep checking back for updates on the economic impact of this development.

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