{"id":5516,"date":"2026-07-14T15:41:18","date_gmt":"2026-07-14T15:41:18","guid":{"rendered":"https:\/\/bestusamoverss.com\/?p=5516"},"modified":"2026-07-14T15:41:18","modified_gmt":"2026-07-14T15:41:18","slug":"inflation-slowed-sharply-but-it-may-not-last","status":"publish","type":"post","link":"https:\/\/bestusamoverss.com\/?p=5516","title":{"rendered":"Inflation slowed sharply \u2014 but it may not last"},"content":{"rendered":"
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Inflation slowed sharply in June as gas prices dropped \u2014 but it’s a reprieve that may prove temporary as tensions with Iran once again ratchet up.<\/p>

Read more Why your favorite international artist might be reconsidering their next U.S. tour<\/a><\/p>

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\"Workers<\/figure>\n<\/figure>\n
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Climate <\/h3>\n

The Iran war has pushed some countries away from oil and toward clean energy<\/h3>\n<\/div>\n\n<\/div>\n\n<\/div>\n\n

Consumer prices in June were up 3.5% from a year earlier, the Labor Department said on Tuesday. That’s down sharply from the annual increase of 4.2% seen in May, which had been the highest in over three years.<\/p>

The main factor slowing down inflation was a sharp drop in energy prices, which helped overall prices fall 0.4% in June compared to the 0.5% increase seen in May, according to the consumer price index (CPI) data.<\/p>

The price at the pump for a gallon of regular gas at the end of June was 71 cents lower than they were during the May peak and have remained steady since, according to AAA. Gas prices fell in June after the U.S. and Iran agreed on a tentative cease-fire.<\/p>\n

But crude oil prices have been climbing back up as the ceasefire between Iran and the U.S. ended this month, Iran claimed the Strait of Hormuz was once again closed and the U.S. military announced it will reinstate its blockade of Iranian ships trying to pass through the strait. President Trump also said Monday that he would impose a 20% toll on all cargo going through the strait. All this led to fears that energy prices will spike again.<\/p>

Read more U.S. to instate Strait blockade. And, states sue to stop Paramount-Warner Bros merger<\/a><\/p>

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\"A<\/figure>\n<\/figure>\n
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Middle East conflict <\/h3>\n

The U.S. is set to reinstate a blockade over the Strait of Hormuz<\/h3>\n<\/div>\n\n<\/div>\n\n<\/div>\n\n

“We’re probably maybe a week away from seeing the national average again hitting $4.00,” said Patrick De Haan, an analyst at GasBuddy. “The CPI party from June it’s going to be crashed here I think for the month of July.”<\/p>

Strip away food and energy prices and so-called “core” inflation for the 12 months ending in June was 2.6%, lower than in May.<\/p>

The data comes as the Federal Reserve’s new chair, Kevin Warsh, begins the first of two-days of testimony before Congress on Tuesday as investors look for signs of whether the central bank will have to raise interest rates before the end of year.<\/p>

Read more Death toll from a Bangkok music bar fire rises to 30, dozens remain in hospital<\/a><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Annual inflation hit 3.5% in June, down from May’s more than three-year high \u2014 but the resumption of the conflict with Iran threaten to push up inflation as energy costs once again spike.<\/p>\n","protected":false},"author":1,"featured_media":5513,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[103],"tags":[],"class_list":["post-5516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nInflation slowed sharply \u2014 but it may not last - Best USA Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bestusamoverss.com\/?p=5516\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inflation slowed sharply \u2014 but it may not last - Best USA Movers\" \/>\n<meta property=\"og:description\" content=\"Annual inflation hit 3.5% in June, down from May's more than three-year high \u2014 but the resumption of the conflict with Iran threaten to push up inflation as energy costs once again spike.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bestusamoverss.com\/?p=5516\" \/>\n<meta property=\"og:site_name\" content=\"Best USA Movers\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-14T15:41:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bestusamoverss.com\/wp-content\/uploads\/2026\/07\/a27dc0c2082d2b5c848bd41ef98221da.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/bestusamoverss.com\\\/?p=5516#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/bestusamoverss.com\\\/?p=5516\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/bestusamoverss.com\\\/#\\\/schema\\\/person\\\/3f4fef4452a41b72c331a70422221f40\"},\"headline\":\"Inflation slowed sharply \u2014 but it may not last\",\"datePublished\":\"2026-07-14T15:41:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/bestusamoverss.com\\\/?p=5516\"},\"wordCount\":421,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/bestusamoverss.com\\\/?p=5516#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/bestusamoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/6c937e2aff3e4676d4952f3988d9c8fa-scaled.jpg\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/bestusamoverss.com\\\/?p=5516#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/bestusamoverss.com\\\/?p=5516\",\"url\":\"https:\\\/\\\/bestusamoverss.com\\\/?p=5516\",\"name\":\"Inflation slowed sharply \u2014 but it may not last - Best USA Movers\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/bestusamoverss.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/bestusamoverss.com\\\/?p=5516#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/bestusamoverss.com\\\/?p=5516#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/bestusamoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/6c937e2aff3e4676d4952f3988d9c8fa-scaled.jpg\",\"datePublished\":\"2026-07-14T15:41:18+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/bestusamoverss.com\\\/#\\\/schema\\\/person\\\/3f4fef4452a41b72c331a70422221f40\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/bestusamoverss.com\\\/?p=5516#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/bestusamoverss.com\\\/?p=5516\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/bestusamoverss.com\\\/?p=5516#primaryimage\",\"url\":\"https:\\\/\\\/bestusamoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/6c937e2aff3e4676d4952f3988d9c8fa-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/bestusamoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/6c937e2aff3e4676d4952f3988d9c8fa-scaled.jpg\",\"width\":2560,\"height\":1707,\"caption\":\"AUSTIN, TEXAS - JUNE 16: A person prepares to pump gas at a Valero gas station on June 16, 2026 in Austin, Texas. 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