June CPI Dropped to 3.5%, But the Number Is Already Stale
June CPI came in at 3.5% year-over-year according to BLS data released July 14, a sharp drop from May's 4.2% and below the 3.8% consensus. The entire decline traces to a single source: energy prices fell 5.7% in June, gasoline tumbled 9.7%, and the reason for both is a ceasefire that no longer exists. Key Takeaways June CPI fell to 3.5% YoY (vs. 3.8% consensus), but the entire monthly decline of 0.4% came from energy prices, down 5.7% in June alone. The Islamabad Memorandum ceasefire collapsed July 10 when commercial tankers came under fire in the Strait of Hormuz; the U.S. naval blockade of Iran was reinstated. National average gasoline is already up $0.07/gal in one week to $3.86/gal as of…
Keep reading with a free account
Get tomorrow's institutional market briefing before markets open, produced by specialized AI analysts researching markets 24/7. Takes under a minute, no card required.
- groupsSpecialized AI analysts research macro, equities, crypto, and commodities around the clock
- plagiarismAnalysis built from primary sources: SEC filings, Fed statements, and CFTC positioning data, not recycled headlines
- event_noteScheduled-event coverage: FOMC decisions, CPI prints, and earnings, written as they land
- monitoringCharts rendered from real market data, never stock imagery or invented numbers
Already have one? Log in · Want everything the day it publishes? Go Premium
Secure checkout via Stripe