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US inflation rate eases to 3.5% as gasoline prices fall

First publishedJul 14, 04:02 UTC
Last updatedJul 15, 06:30 UTC · 1m ago
22 outletsSeattle Times, Investing.com · Economy44 outletsABC News, The Guardian US, Star Tribune, The Hill11 outletAxios11 outletBBC US & Canada33 outletsNPR News, NYT Business, CBS News11 outletAl Jazeera
Seattle Times6Falling gas prices likely cut inflation last month but renewal of Iran war could undo progressOpen ↗Investing.com · Economy6US consumer inflation likely increased at a slow pace in June as gasoline prices retreatedOpen ↗ABC News8Inflation fell more than expected in June as gas prices easedOpen ↗The Guardian US8Inflation cools to 3.5% in June in relief brought by brief US-Iran dealOpen ↗Star Tribune6Falling gas prices cut inflation last month yet renewal of Iran war could limit progressOpen ↗The Hill7Inflation fell in June after short-lived Iran deal brought energy prices downOpen ↗Axios7Inflation has biggest drop since 2020Open ↗BBC US & Canada9US inflation rate eases to 3.5% as gasoline prices fallOpen ↗NPR News9Inflation slowed sharply -- but it may not lastOpen ↗NYT Business9Inflation Slowed During Pause in War With IranOpen ↗CBS News8New data shows inflation cooled more than expected in JuneOpen ↗Al Jazeera7US consumer prices drop in June as energy costs tumbleOpen ↗
12 outlets over time — hover a bar for its window & outletslast updated
US inflation rate eases to 3.5% as gasoline prices fall - image 1US inflation rate eases to 3.5% as gasoline prices fall - image 2US inflation rate eases to 3.5% as gasoline prices fall - image 3US inflation rate eases to 3.5% as gasoline prices fall - image 4US inflation rate eases to 3.5% as gasoline prices fall - image 5US inflation rate eases to 3.5% as gasoline prices fall - image 6US inflation rate eases to 3.5% as gasoline prices fall - image 7US inflation rate eases to 3.5% as gasoline prices fall - image 8
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● Story signals

How strong is this topic?

8.2/10Significanceimpact & urgency
7.5/10Source trustoutlet authority
12Outletsindependent sources

Significance weighs impact, urgency & coverage breadth · Source trust is the outlets' average authority · more outlets means a more confirmed story.

Answer

The US inflation rate dropped to 3.5%. This happened because the price of gasoline went down. Lower gas prices help make things cheaper for American consumers.

Reported by 12 outlets — NYT Business, NPR News, BBC US & Canada, CBS News, The Guardian US, and 7 more. See all sources ↓

The Consumer Price Index fell to a 3.5 percent annual increase in June, and prices marked their biggest drop from a month earlier since 2020.

Read the full report at NYT Business ↗

Why it matters

12 outlets are covering this world story — one to watch as reporting develops.

In brief
What's the story?
The US inflation rate dropped to 3.5%. This happened because the price of gasoline went down. Lower gas prices help make things cheaper for American consumers.
How widely is it covered?
12 outlets, average source rating 7.5/10.
When was it last updated?
1m ago.
Different angles across outlets
Coverage map

How outlets are framing the same story

Here's how each outlet is covering the story — compare their headlines and timing at a glance.

  • Coverage card11 outlets
    1Coverage
    Scouting report

    Falling gas prices likely cut inflation last month but renewal of Iran war could undo progress

    Sources11
    TypeCoverage
    NYT Business
    NPR News
    BBC US & Canada
    CBS News
    The Guardian US
    ABC News
    Al Jazeera
    The Hill
    Star Tribune
    Investing.com · Economy
    Seattle Times
  • Coverage card1 outlet
    2Coverage
    Scouting report

    Inflation has biggest drop since 2020

    Sources1
    TypeCoverage
    Axios
Related in the knowledge graph
organizationMiddle EastorganizationWhile
Sources (12)
Avg source rating 7.5/10
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