Gas Prices Are Hiding Inflation... But It Won't Last

Gas prices posted their biggest monthly decline since 2020, giving Americans temporary relief at the pump—but is it enough to keep inflation under control?   In this episode of Everyday Economics, Chris Krug and economist Dr. Orphe Divounguy explain why cheaper gasoline is helping consumers continue spending, why rent prices may be about to rise again, and how Middle East tensions could send energy prices higher. They also discuss what the latest CPI data really means, whether inflation is actually cooling, and why the Federal Reserve may keep interest rates higher for longer.   Topics Covered: Why gas prices fell June CPI inflation explained Will inflation rise again? Rent prices and the housing market How oil prices affect everyday costs Federal Reserve outlook Consumer spending trends Everyday Economics analysis   📈 Subscribe for weekly economic analysis that breaks down the headlines impacting your wallet. #Inflation #GasPrices #Economy #CPI #FederalReserve #HousingMarket #ConsumerSpending #OilPrices #InterestRates #EverydayEconomics #TheCenterSquare Support this podcast: https://secure.anedot.com/franklin-news-foundation/ce052532-b1e4-41c4-945c-d7ce2f52c38a?source_code=xxxxxx Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.