Posted on 07/14/2026 6:15:13 AM PDT by CFW
Inflation slowed more than expected in June, easing to an annual rate of 3.5% from 4.2% in May as lower gasoline prices helped cool price growth, according to Labor Department data released Tuesday.
By the numbers Economists polled by the financial data firm FactSet predicted June inflation would rise at an annual rate of 3.9%.
The cooler reading comes after three consecutive months of increases that pushed the CPI to its highest level in more than three years. Inflation slowed as a result of declining energy prices, with gasoline prices tumbling 9.7% in June from a month earlier.
June's decline represented the largest one-month decrease since April 2020, the Bureau of Labor Statistics said.
(Excerpt) Read more at cbsnews.com ...
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Also, the Redbook Index in the United States increased by 8.20 percent in the week ending July 11 of 2026 over the same week in the previous year.
(Redbook Index (or Johnson Redbook Index) is a weekly economic indicator that measures the year-over-year same-store sales growth across a sample of large U.S. general merchandise retailers. Tracking about 9,000 stores, it is a key, high-frequency tool used by economists and investors to gauge the health of consumer spending.)
Funny, I can recall a time when the CPI didn’t include gas or food prices.
IIRC that time was during the administrations of Slick Willy Clinton and Bathhouse Barry Soetero Obeyme… sometimes while Pedo Joe Biden was in part-time residence at the WH too.
GOP used to be BLUE too, but I’ll take RED-blooded Patriot any day over the Blues.
Good economic news always “unexpected” during a Republican administration. Bad economic news always “unexpected” during a Dem administration.
Seems like a dartboard is more accurate than experts.
Trump has put a lot of good policies in place to ease inflation and get the economy moving - at least as much as he can using just executive authority. Unfortunately, inflation is going to live and die by energy prices and the Iran War is going to dominate them. It isn’t going to end anytime soon so the next time Iran is able to damage a tanker, prices will shoot up again. One tragedy of this war is that Congress and the administration did not focus over the past year on comprehensive economic legislation. If they did, we’d be in a very different political position going into the midterms.
“One tragedy of this war is that Congress and the administration did not focus over the past year on comprehensive economic legislation.”
What economic legislation should they have passed over the past year?
I think the most important legislation is the SAVE America Act which Thune refuses to even bring to the floor for a vote. Also, one way to improve the economy is to ramp up the deportation flights and remove illegal aliens at a faster pace. In areas where large numbers of illegal aliens have been removed, housing costs have decreased.
I believe that's still the case. CPI (unrealistically called "Core Price Inflation") I believe still excludes food, gas, and housing. It's not like those goods are core items are anything (/sarc).
Well, to be fair energy or petroleum prices fluctuate due to supply and demand.
Monetary inflation is just governmental jiggery-pokery with the currency. It’s a permanent loss in purchasing power of the unit of account. It doesn’t come back or “ease”.
They officially “target” a rate of this purchasing power loss that equates to roughly halving savings and investment about every 20 years.
The screaming headline here is that the YOY core CPI fell sharply, to 2.6% and the price of oil is still elevated. There is no way in Hell the Fed could justify raising rates and instead should resume lowering them.
LOL sure
Well, it’s IN the headline.
And that’s what I’m commenting on. LATELY, while we have a Republican president and an ostensibly republican house and senate every news report includes the prices of energy and housing; years ago you might have heard the occasional “of course the CPI doesn’t include food or housing” but today they’re so brazen in their collective negative reportage on MAGA and Republicans in general it’s always included without comment.
This good news will disappear if the war escalates; but we need to be obsessing over a nuclear armed Iran rather than small fluctuations in gas prices.
Good news/bad news.
Good news = “lower” inflation.
Bad news = reduced COLA for Social Security, etc.
Most Americans give a flying fig about Iran especially after hearing how they are weeks away from a nuclear missile for 30+ years now.
However, the Israel tax at the pump is pissing people off
We are in this now. The War should have b en over in April. Half Wars are the worst.
You are continuing to show us your gross ignorance.
You are totally out of the loop and have no clue how the war is being prosecuted by the USA and at least 9 0r 10 other countries that are actively participating.
You are apparently not able to assemble known facts to determine that Iran is being defeated.
I think it could have been done in April. Glad it is being done now.
Gas dropped .15 a gallon here yesterday.
Down 14% in 2 weeks.
That is a 17% decrease, which is unbelievable.
Many people will just subtract the two numbers and say it's only .7% but that is so far from reality that it's absurd.
The screaming headline here is that the YOY core CPI fell sharply, to 2.6% and the price of oil is still elevated. There is no way in Hell the Fed could justify raising rates and instead should resume lowering them.
Fed Chair Warsh was testifying before Congress this morning.
“Fed Chair Warsh said policymakers remain fully committed to restoring price stability and have no tolerance for persistently elevated inflation, according to prepared remarks released ahead of his Semiannual Monetary Policy Report to Congress. Warsh added, “If we get policy right - and we will - the inflation surge of the last five years will be a thing of the past”. The Fed Chair also said the US economy continues to expand at a solid pace, demonstrating resilience despite recent developments. Household consumption is growing at a moderate rate, while manufacturing output has risen steadily this year. He highlighted business investment as the economy’s most notable strength, driven largely by the construction of data centers and robust demand for AI-related equipment and software. On the labor market, Warsh noted that job creation has kept pace with labor force growth, the unemployment rate remains low while nominal wages continue to post solid growth.” Source: Federal Reserve
Note: The Fed meets again on July 28-29th.
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