Inflation Cooldown, But Watch the Oil | Sacramento News

Inflation cooled more than expected in June, dropping to 3.5% annually as gas prices plummeted nearly 10%—the biggest monthly drop since April 2020. Core inflation also fell to 2.6%, signaling broader price pressures may be easing. But watch out: rising tensions between the U.S. and Iran are pushing oil prices back up, potentially reigniting inflation next month. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5572e581e4e60a4b