Inflation Cooldown Amid Oil Spike | San Antonio News

San Antonio News Today | 2 Min News | The Daily News Now! · Jul 14, 2026 · 1m

Inflation just cooled to 3.5% as prices dropped 0.4% monthly — the biggest fall in four years — driven by cheaper gas, clothes, and used cars. But oil prices surged again amid U.S. military strikes on Iran and Trump’s renewed “Iranian Blockade” in the Strait of Hormuz, raising concerns about airfare costs. While some tout the drop as policy success — citing lower drug prices and insurance — economists note core inflation remains sticky at 2.6% above the Fed’s 2% target. With inflation easing, pressure on the Fed to hike rates is easing too — especially as Chair Kevin Warsh prepares to testify…