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Inflation slowed sharply -- but it may not last

Annual inflation hit 3.5% in June, down from May's more than three-year high — but the resumption of the conflict with Iran threaten to push up inflation as energy costs once again spike.

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Inflation slowed sharply -- but it may not last
Source: NPR News
A person prepares to pump gas at a Valero gas station on June 16, 2026, in Austin, Texas.

Annual inflation hit 3.5% in June, down from May's more than three-year high — but the resumption of the conflict with Iran threaten to push up inflation as energy costs once again spike.

(Image credit: Brandon Bell)

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