US Consumer Prices Fall 0.4% in June, Marking First Monthly Decline Since 2020

Barchart·07/14/2026 18:12:13

U.S. consumer prices fell 0.4% in June, marking the first monthly decline in six years, according to Bureau of Labor Statistics data released Tuesday. The annual Consumer Price Index (CPI) increased 3.5%, while core CPI, which excludes food and energy, was unchanged from May and rose 2.6% year over year. The decline was driven by a nearly 10% drop in gasoline prices, while grocery prices continued to rise.

• Headline CPI declined 0.4% month over month and increased 3.5% from a year earlier.
• Core CPI was unchanged in June and rose 2.6% year over year.
• Gasoline prices posted their largest monthly decline since 2022, falling nearly 10%.
• Grocery prices increased for a third consecutive month, led by beef, eggs, and dairy.
• Computer software and accessories prices rose 2.3% in June and 17.4% from a year earlier.
• U.S. stock futures advanced and Treasury yields declined following the inflation report.

Relevant Companies

• SPDR S&P 500 ETF Trust ($SPY) - Broad equity markets reacted positively as investors reduced expectations for a near-term Fed rate hike.
• United States Oil Fund ($USO) - Lower gasoline prices were the primary driver of June's CPI decline.

Editor’s Note: This is a developing story. This article may be updated as more details become available.

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