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In June 2024, the U.S. inflation rate dropped to 3.0%, slightly below the anticipated 3.1% and down from the previous month’s 3.3%.
Core CPI inflation also decreased to 3.3%, under the expected 3.4%. This marks the 39th consecutive month with inflation at or above 3% and the third straight month of declining CPI inflation.
The consistent decline over recent months indicates a potential easing of inflationary pressures, providing a glimmer of hope for consumers and policymakers striving to stabilize the economy.
Despite this positive trend, the prolonged period of elevated inflation continues to pose challenges to everyday Americans. The question remains: will this slight decline in the inflation report truly make a difference in anyone’s wallet?
BREAKING: 🇺🇸 US inflation falls to 3%, lower than expectations.
— Watcher.Guru (@WatcherGuru) July 11, 2024
Good news in the June inflation report.
Inflation actually DECLINED -0.1% in June. That’s the first decrease since the pandemic month of May 2020.
-Gas prices declined in June
-Electricity prices declined in June
-Rent had its smallest monthly increase (0.2%) since August 2021 pic.twitter.com/gNezovrMQu— Heather Long (@byHeatherLong) July 11, 2024
Still can’t feel it 🤣
— © (@b_enderz) July 11, 2024
The fact that you think Inflation Being more than double what it was when Biden took office is “Good News” is perplexing.
— 🇺🇸🇺🇸Red White and True News🇺🇸🇺🇸 (@RWTNews) July 11, 2024
