Inflation Drops But Energy Remains Volatile | Business and Finance News

Inflation took a surprising dive in June, its biggest monthly drop in six years, fueled by plunging energy prices, cheaper clothes, medical care, and transportation. But with oil markets rattled by Middle East tensions, those gains may be fleeting. Year-over-year, prices remain stubbornly high—energy up 15.7%, overall inflation at 3.5%, still above the Fed’s target. Meanwhile, grocery prices are splitting: eggs hit a two-and-a-half-year low, milk soared to record highs, beef reached a new peak due to cattle shortages, and tomatoes fell—but tariffs keep them artificially expensive. 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/e362d310ad428605