The U.S. Consumer Price Index (CPI), not seasonally adjusted, recorded a month‑over‑month decline of 0.35% in June 2026, a sharp turnaround from the 0.63% increase seen in May 2026. The latest reading, updated on 14 July 2026, signals that price pressures eased notably at the start of the summer after a solid gain in the previous month.
On a month‑over‑month basis, the “actual” June figure measures the change in prices from May to June, while the “previous” May reading reflected the change from April to May. The swing from a 0.63% rise to a 0.35% decline suggests a marked cooling in short‑term inflation dynamics, breaking the upward momentum that had characterized the prior month’s data.
This negative monthly print will be closely watched by market participants and policymakers as they assess whether June’s drop represents a one‑off adjustment or the start of a broader moderation in consumer price growth across the United States.
