Gasoline Plunged in June and lots of Month-to-Month CPI Squiggles Happened to Drop Simultaneously, but that Won’t Last
In June 2026, gasoline prices plunged 9.7% month-to-month while core CPI fell 0.02% and all-items CPI dropped 0.42%, with year-over-year core CPI at 2.59% and all-items CPI at 3.53%, driven by energy declines and temporary softness in services and goods categories. The article argues these favorable month-to-month readings represent temporary outliers unlikely to persist and notes the headline inflation data does not provide political support for a Federal Reserve rate hike at the July 2026 FOMC meeting.
Published by Wolf Street. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Provenance
- Publisher
- Wolf Street
- Obtained from
- Wolf Street
- Published
- Jul 14, 2026
- Last updated
- Jul 14, 2026 (1 month ago)
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