Inflation Fell More Than Expected in June as Gas Prices Eased The latest inflation numbers have brought some welcome relief. The 3.
5% year over year price increase in June is a decline from the prior month, but still far from the Federal Reserve's target rate of 2%.
This trend should be viewed for what it is – a slight retreat, not a full fledged reversal. The drop in gas prices, largely attributed to negotiations between the U. S.