During Iran war ceasefire renewal, inflation fell 0.4 percent in June, BLS data shows as war begins anew

Consumer prices fell in June 0.4 percent, following a renewed, short-lived ceasefire in the Iran war, with 12-month inflation dropping from 4.2 percent to 3.5 percent, according to the U.S. Bureau of Labor Statistics. That’s good news, with average weekly earnings for private sector workers back up to 3.8 percent the past twelve months. The decreases were led by falls in the energy prices as gas…