Breaking News: U.S. inflation cooled to a 3.5% annual rate in June, when energy prices moderated amid a brief pause in the war with Iran.

Breaking News: U.S. inflation cooled to a 3.5% annual rate in June, when energy prices moderated amid a brief pause in the war with Iran. Link CPI Report Live Updates: Inflation Data to Show Effects of Volatile Energy Prices The Consumer Price Index rose at an 3.5 percent annual rate in June, lower than a month earlier, as energy prices moderated during a lull in the conflict in the Middle East.