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THENATIONALPULSE (Pulse Wires) - Inflation Eases More Than Expected with Significant Drop in Gas Prices.

The latest inflation report shows a significant slowdown, driven by a sharp decline in energy costs, though broader price pressures remain a concern.

The latest inflation report shows a significant slowdown, driven by a sharp decline in energy costs, though broader price pressures remain a concern. PULSE POINTS WHAT HAPPENED: Inflation slowed significantly in June, with the Consumer Price Index (CPI) falling 0.4 percent, its sharpest monthly decline since April 2020, according to the Bureau of Labor Statistics (BLS). This was driven largely by a 5.7 percent drop in energy costs, including a 9.7 percent decrease in gasoline prices. DETAIL: Despite the monthly decline, energy prices remain 15.7 percent higher than a year ago, while other categories such as food and shelter have also seen annual increases of 3.0 percent and 3.3 percent, respectively. Core inflation, which excludes food…Open