June CPI showed a broad slowdown in price gains. Clothing, used cars, auto insurance and healthcare prices fell MoM in June, while the MoM increase in housing costs hit its lowest level since 2021. Omair Sharif, head of consulting firm Inflation Insights, said declines in auto insurance, wireless data services and hotels jointly pulled down overall inf in June, but warned the improvement may not recur in the coming months.

2026-07-14

June CPI showed a broad slowdown in price gains. Clothing, used cars, auto insurance and healthcare prices fell MoM in June, while the MoM increase in housing costs hit its lowest level since 2021. Omair Sharif, head of consulting firm Inflation Insights, said declines in auto insurance, wireless data services and hotels jointly pulled down overall inf in June, but warned the improvement may not recur in the coming months.

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