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White House touts cooler inflation report as June CPI beats expectations

  • Posted on July 14, 2026
  • By Fox News
  • 0 Views
  • 1 min read
In brief

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.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

White House touts cooler inflation report as June CPI beats expectations
White House touts cooler inflation report as June CPI beats expectations

White House National Economic Council Director Kevin Hassett discusses the June CPI report showing 3.5% inflation. He highlights falling energy, food and drug prices, attributing it to Trump's policies.
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Author
Fox News

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