US inflation slows in June, but reversal likely amid Middle East conflict
- Posted on July 30, 2026
- By Business News Today
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- 1 min read
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US inflation slows in June, but reversal likely amid Middle East conflict
US inflation slowed in June, but oil prices may cause a temporary easing. The Personal Consumption Expenditures Price Index rose 3.7 percent annually. Excluding food and energy, inflation also showed moderation. Consumer spending saw a slowdown after tax refunds faded. The Federal Reserve maintained interest rates while signaling future hikes.
