And it looks like 67 out of 67 economists guessed wrong.

US consumer prices declined in June for the first time in six years and a key gauge of underlying inflation was little changed, taking some pressure off the Federal Reserve to raise interest rates.

Rising inflation risks persist, particularly with elevated oil prices affecting US Fed interest rates, bond yields, equity markets, the dollar, and precious metals prices.

US inflation dipped last month for the first time in six years, as lower energy prices offered a brief consumer reprieve ...

This article adheres to strict editorial standards. Some or all links may be monetized. In a surprising shift, inflation cooled in June, according to new data released Tuesday by the Bureau of Labor ...

Consumer prices declined in June for the first time in six years and a key gauge of underlying inflation was little changed, taking some pressure off the Federal Reserve to raise interest rates. The ...

The consumer price index in June was expected to increase 3.8% from a year ago.

Businesses’ costs aren’t rising as fast as they have been in recent months, an indication that price hikes could slow for consumers in the months ahead.

U.S. consumer inflation likely slowed in June, but that would probably offer little comfort to households or rule out an interest rate increase from the Federal Reserve this year, with the conflict in ...