Year-over-year inflation fell for the first time since January, dropping down to 3.5% in June, according to data released on Tuesday by the Bureau of Labor Statistics. It was the steepest monthly drop since April 2020, when prices fell 0.8% during the onset of the COVID-19 pandemic. Consumer prices fell 0.4% in June af
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Year-over-year inflation fell for the first time since January, dropping down to 3.5% in June, according to data released on Tuesday by the Bureau of Labor Statistics. It was the steepest monthly drop since April 2020, when prices fell 0.8% during the onset of the COVID-19 pandemic. Consumer prices fell 0.4% in June af
Recently released Labor Department data indicates inflation cooled more than expected in June due to falling gas prices following U.S. diplomatic efforts with Iran. Year-over-year inflation fell for the first time since January, dropping down to 3.5% in June, according to data released on Tuesday by the Bureau of Labor Statistics. It was the steepest monthly drop since April 2020, when prices fell 0.8% during the onset of the COVID-19 pandemic.
CBS News reported the story as "New data shows inflation cooled more than expected in June." The Daily Wire reported the story as "Inflation Plunges In Biggest Monthly Drop Since 2020."
2 sources have covered this story, including CBS News and The Daily Wire. The earliest reporting in the cluster landed about 5 hours ago.
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How the right is reporting it
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[01] VerifiedCore event reported by 2 independent outlets across the spectrum.
[02] DisputedKey facts present in mainstream desks; corroboration thin from wires.
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