U.S. Consumer Prices Fall 0.4% In June, Much More Than Expected

India, July 14 -- Largely reflecting a sharp pullback in energy prices, the Labor Department released a report on Tuesday showing consumer prices in the U.S. decreased by much more than expected in the month of June.

The Labor Department said its consumer price index fell by 0.4 percent in June after climbing by 0.5 percent in May. Economists had expected consumer prices to edge down by 0.1 percent.

The pullback by the consumer price index marked the largest one-month decline since April 2020, when it slid by 0.8 percent.

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Published by HT Digital Content Services with permission from RTT News....