An unexpected drop in the Consumer Price Index (CPI) of 0.4% is leading some economists to revise their expectations of a flat economic outlook for this quarter. The price drop is the biggest since April 2020, just before Biden took office.
The new annual inflation rate is down to 3.5% with signs of further price easing continuing. While economists expected some drop, this drop was more than twice what was expected.
Inflation Numbers Beat Predictions, Deliver Great News for Americans – RedState– redstate.com
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EXCERPT:
The June inflation numbers just dropped, and they’re delivering some great news.
As our sister site Townhall reported, the numbers crushed it, coming in much better than expected.
BREAKING: Inflation posting the biggest one-month drop since April 2020.
New June CPI data shows prices fell 0.4% from the previous month — the biggest monthly decline since April 2020 — bringing the annual inflation rate to 3.5% as price pressures continue to ease.
The report… pic.twitter.com/8QXqyTqmEE
— Fox News (@FoxNews) July 14, 2026
The consumer price index, a broad measure of costs for goods and services across the U.S. economy, was lower than expected across the board. The CPI fell a seasonally adjusted 0.4% for the month, bringing the annual inflation rate down to 3.5%.
Economists surveyed by Dow Jones had been looking for a drop of 0.2% and an inflation rate of 3.8%, following the 4.2% reading in May. The monthly decline in headline inflation was the biggest since April 2020.
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