The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.4 percent on a seasonally adjusted basis in June after rising 0.5 percent in May, the U.S. Bureau of Labor Statistics reported today.

BLS

"Expecting a headline number to be negative...this is 4X more negative!"

CPI fell by 0.4% in June, the largest decline since April 2020—and below the forecast of every single Bloomberg economist.

Core inflation also came in better than expected, falling to 2.6% year-over-year. pic.twitter.com/aEdMzE6GGE

— Rapid Response 47 (@RapidResponse47) July 14, 2026

Inflation cools to 3.5% - biggest drop since 2020 - on falling energy prices https://t.co/KcMZ2oV8V4 pic.twitter.com/7cDFt6fAVX

— New York Post (@nypost) July 14, 2026