What happened
The Consumer Price Index fell by 0.1% between May and June, the first month-on-month decline in four years. The drop in consumer prices, reported by the Labor Department on Thursday, puts the 12-month rate at 3% rise, down from 3.3% in May.
Who said what
What next?
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Today's political cartoons - January 19, 2025Cartoons Sunday's cartoons - moving to Canada, billionaire bootlickers, and more
-
5 inflammatory cartoons on the L.A. wildfiresCartoons Artists take on climate change denial, the blame game, and more
-
The problems with the current social care systemThe Explainer The question of how to pay for adult social care is perhaps the greatest unresolved policy issue of our time
-
Is inflation about to surge again?Talking Points The Federal Reserve is cautious about Trump's policies
-
Biden expected to block Japanese bid for US SteelSpeed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
-
What does Trump's Treasury secretary pick mean for the economy?In the Spotlight Scott Bessent was once a Democratic donor. Now he'll serve Trump.
-
Homebuyers are older than everThe Explainer Rising prices and high mortgages have boxed millennials out of the market
-
Boeing machinists approve contract, end strikeSpeed Read The company's largest union approved the new contract offer, ending a seven-week strike
-
US economy still strong in final preelection reportSpeed Read It grew at a solid 2.8% annual rate from July through September
-
TD Bank accepts $3B fine over money launderingSpeed Read The US retail bank pleaded guilty to multiple criminal charges
-
Ports reopen after dockworkers halt strikeSpeed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
