Gas prices drive down US inflation - but will it last?

BBC Business Business 07/14/2026, 20:36 Score 6/10

Summary

While the US inflation rate fell in June, concerns remain over price rises increasing again due to the renewed conflict in the Middle East.

Original Text

PublishedPublished9 minutes ago9 minutes ago

Inflation in the US eased last month as the cost of filling up at the pumps fell, official figures show.Inflation in the US eased last month as the cost of filling up at the pumps fell, official figures show.

Prices rose 3.5% in the year to June, according to the Bureau of Labor Statistics (BLS), down from 4.2% recorded in May.Prices rose 3.5% in the year to June, according to the Bureau of Labor Statistics (BLS), down from 4.2% recorded in May.

Gasoline prices decreased 9.7% last month, the statistics body said.Gasoline prices decreased 9.7% last month, the statistics body said.

However, while the rate of inflation has fallen, the easing of price rises could be short-lived due to the renewed conflict in the Middle East sending global oil prices up again.However, while the rate of inflation has fallen, the easing of price rises could be short-lived due to the renewed conflict in the Middle East sending global oil prices up again.