Inflation in the United States slows to 3.5% amid rising oil prices
Inflation in the United States slowed to 3.5% in June, aided by a brief US-Iran ceasefire that temporarily eased energy prices. However, rising oil prices due to renewed strikes are raising concerns, with gas prices averaging $3.87 per gallon, 70 cents higher than last year. The Federal Reserve's upcoming meeting will address these economic pressures.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 14 Jul 2026, 12:39 UTC · Updated 14 Jul 2026, 12:50 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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