White House touts cooler inflation report as June CPI beats expectations
- Posted on July 14, 2026
- By Fox News
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- 1 min read
The White House celebrates improved economic indicators following the June Consumer Price Index report, which registered inflation at 3.5%, surpassing market forecasts. Kevin Hassett, Director of the National Economic Council, emphasizes the significant decline in energy, food, and pharmaceutical costs. These reductions are attributed to the administration's economic strategies aimed at controlling price pressures. The report suggests potential relief for consumers facing purchasing power challenges, with particular emphasis on essential commodity categories that significantly impact household budgets and overall consumer sentiment.
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