US Inflation Just Posted Its Biggest Monthly Drop Since 2020. Don’t Get Used To It.
June CPI fell 0.4% as the ceasefire crushed oil. The truce is already dead, gas is back near $4, and the Apple price wave hasn’t even reached the index yet.
US consumer prices fell 0.4% in June. Fell. In a year where every inflation print since March came in hot, the tape finally broke the other way, and it broke hard.
The last time a US CPI print dropped…
