June: Inflation Sees Biggest Drop Since 2020 Due to Lower Energy Prices
The all-items index increased 3.5% over the last 12 months after rising 4.2% in May.
The June 2026 consumer price index (CPI) shows that inflation decreased by 0.4% after increasing by 0.5% in May, due to lower energy prices.
BREAKING: Inflation posting the biggest one-month drop since April 2020.
New June CPI data shows prices fell 0.4% from the previous month — the biggest monthly decline since April 2020 — bringing the annual inflation rate to 3.5% as price pressures continue to ease.
The report… pic.twitter.com/8QXqyTqmEE
— Fox News (@FoxNews) July 14, 2026
As you all know, I just like to give you guys the numbers. You don’t need an analysis. The numbers speak for themselves.
The energy index helped the monthly all items decrease, offsetting an increase in other indexes:
- Energy: +3.9% in May, -5.7% in June
- Energy commodities: +6.7% in May, -9.5% in June
- Gasoline (all types): +7% in May, -9.7% in June
- Fuel oil: +3.8% in May, -9.2% in June
- Energy services: +0.4% in May, -0.7% in June
- Electricity: +0.6% in May, -0.7% in June
- Utility (piped) gas service: -0.5% in May, +0.5% in June
Here is food:
- Food: +0.2% in May, +0.2% in June
- Food at home: +0.1% in May, +0.2% in June
- Food away from home: +0.3% in May, 0.2% in June
The all-items index increased 3.5% over the last 12 months after rising 4.2% in May:
- Core CPI rose 2.6% over the year, following a 2.9% increase in May.
- The energy index increased 15.7% for the 12 months ending June.
- The food index increased 3.0% over the last year.
- The shelter index increased 3.3% over the last year.
- Other indexes with notable increases over the last year include airline fares (+26.5%, medical care (+2.0%), recreation (+2.8%), and household furnishings and operations (+2.5%).
- Cereals and cereal products: +2.4% in 12 months, 0.7% in a month
- Flour: -1.3% in 12 months, -1.1% in a month
- Bread: +3.9% in 12 months, +0.5% in a month
- Meats, poultry, fish, and eggs: +5.6% in 12 months, -0.1% in a month
- Meats (all): +2.6% in 12 months, +0.6% in a month
- Ground beef: +12.4% in 12 months, +1.3% in a month
- Fresh & frozen chicken parts: -2.2% in 12 months, -1.1% in a month
- Eggs: -27.9% in 12 months, +4.3% in a month
- Milk: +6.6% in 12 months, +2.0% in a month
- Fruits & veggies: +5.3% in 12 months, -0.2% in a month
- Apples: +7.1% in 12 months, +1.8% in a month
- Bananas: +1.0% in 12 months, -1.3% in a month
- Pop: +1.9% in 12 months, -0.7% in a month
- Coffee: +12.9% in 12 months, -2.0% in a month
- Sugar: +6.9% in 12 months, +0.6% in a month
- Butter: -6.9% in 12 months, -0.2% in a month
July’s report might look different, though, due to the conflict in the Middle East. How many times have we gone to war with Iran since March? We win, it’s over, but then we restart it.
The numbers might convince the Federal Reserve not to raise rates.
But the Fed relies more on inflation figures from the Commerce Department, which come out at the end of July. The Commerce rate hit 4.1% in May, which is above the Fed’s 2% target.
The Fed also meets at the end of the month, near when we get the Commerce Department’s inflation numbers.
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Comments
Proving that what they’re calling inflation isn’t inflation, as any economist actually knows. It’s a shortage with price rationing the consumption. So long as the Fed does not accommodate the price rise with wage rises, the shortage ending returns prices to their former level.
“This is all thanks to the progressive economic policies put into place by the Biden administration.”
– the mainstream media.
To be completely fair, the inflation we’ve had was caused by the actions of both the first Trump presidency as well as by Biden’s.
Trump pumped 3 trillion dollars into the economy
CARES Act – $2.2 trillion, signed into law on March 27, 2020. This was the first major pandemic relief package and included direct payments to individuals, expanded unemployment benefits, and the Paycheck Relief Program for small businesses.
Consolidated Appropriations Act, 2021 – $900 billion in pandemic aid, enacted December 27, 2020 (still during Trump’s presidency).
And, Biden tossed another 2 trillion on top of that.
American Rescue Plan Act – $1.9 trillion, signed on March 11, 2021. This extended and expanded unemployment benefits, provided additional direct payments, and allocated funding for vaccine distribution, schools, and childcare assistance.
Total pandemic stimulus across both administrations exceeded $5 trillion.
While I barely passed my Economics courses in college I learned enough to know that Trump pumping in $3 trillion was going to send inflation to the moon. Of course Biden aimed for Jupiter, but he doesn’t get all them blame.
BREAKING: Inflation posting the biggest one-month drop since April 2020.
Sounds great, until you realize June’s inflation is still up 1.1% from January and February. YoY 3.5% is still way too high.
Basically, Look! A squirrel!
Not to mention the $8 BILLION+ being added to the national debt every day….
EVERY R running for office should include this info in their speeches, signs, everywhere.
Starting the year at 2.4%, spiking to 4.2%, then dropping to 3.5% is not something to brag about.
I did not realize that “CPI” is actually CPI-U.
It also excludes tipping which has gone nuts since COVID.
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