Inflation eased in June, but Americans still feel pressure from high prices

U.S. consumer inflation slowed more than expected in June, dropping to an annual rate of 3.5%. According to the U.S. Bureau of Labor Statistics (BLS), the Consumer Price Index (CPI) fell by 0.4% month-over-month, marking its sharpest one-month decline since April 2020. While this provides a temporary breather from May's 4.2% inflation spike, overall prices remain heavily elevated, keeping intense financial pressure on American households.Become a supporter of this podcast: https://www.spreaker.com/podcast/today-explained--6659607/support.Don’t miss our latest episodes! follow us to stay updates with fresh news everyday. Let’s keep the support our podcast to serve update news entire the world!