Latest / Fort Wayne News Today | 2 Min News | The Daily News Now!
Inflation Cooldown Driven by Energy Drop | Fort Wayne News
Inflation cooled noticeably in June with a 0.4% drop, bringing the annual rate to 3.5% — the biggest one-month plunge since April 2020. Falling energy prices, likely spurred by easing global tensions, led the decline, though energy costs remain up 15.5% year-over-year and gas prices up 26%. Food and shelter prices edged higher, while core inflation dipped to 2.5%. Experts caution this relief may be temporary, warning renewed geopolitical tensions — especially with Iran — could reignite inflation pressure, giving the Fed a brief reprieve but not a full recovery. Listen in comfort:Get a…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.