According to data released by the US Department of Labor on the 14th, the increase in the US consumer price index declined in June due to falling energy prices, but it is still facing significant inflationary pressure. The data shows that although the year-on-year increase in the US CPI fell to 3.5% from 4.2% in May, it was still significantly higher than the Federal Reserve's 2% inflation target. The Ministry of Labor said that the drop in energy prices was the biggest factor in the decline in the consumer price index during the month, offsetting the impact of price increases in other sectors such as housing and food. Experts from US industry financial institutions said that although inflationary pressure eased in June, the slowdown in inflation is likely to be short-lived as the military confrontation between the US and Iran heats up again.

According to data released by the US Department of Labor on the 14th, the increase in the US consumer price index declined in June due to falling energy prices, but it is still facing significant inflationary pressure. The data shows that although the year-on-year increase in the US CPI fell to 3.5% from 4.2% in May, it was still significantly higher than the Federal Reserve's 2% inflation target. The Ministry of Labor said that the drop in energy prices was the biggest factor in the decline in the consumer price index during the month, offsetting the impact of price increases in other sectors such as housing and food. Experts from US industry financial institutions said that although inflationary pressure eased in June, the slowdown in inflation is likely to be short-lived as the military confrontation between the US and Iran heats up again.