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Inflation Cooled In June. Sort Of 7/21/26
CNBC Television· 2026-07-21 07:00
With a CNBC Your Money Minute, I'm Jessica Ettinger. A welcome cooling for inflation in June in the Consumer Price Index. Prices rose, but at a slower pace than the same month last year.>> Consumer Price Index year-over-year headline 3.5%, much less than the 4.2% in the rearview mirror. >> CNBC's Rick Santelli. And while the rate of price increases pulled back a bit in June, 3 and 1/2% is well above the Fed's target of 2% inflation and well above 2019's pre-pandemic average of just 1.7% inflation.June's coo ...