Inflation cooled in June as gasoline prices tumbled. The consumer price index rose 3.5 percent in the 12 months ending in June, the Labor Department said, down from 4.2 percent in

Inflation cooled in June as gasoline prices tumbled. The consumer price index rose 3.5 percent in the 12 months ending in June, the Labor Department said, down from 4.2 percent in May, the fastest pace in three years. Link Inflation eased in June as gas prices fell, but relief may not last Inflation eased in June but economists say tariffs, AI-driven demand and renewed fighting between the U.S.