Gasoline prices fall 6.7% in June, hinting inflation may have peaked
A pullback in pump prices offers tentative relief on the inflation front.
O
Oneonomy Admin
Gasoline prices are down about 6.7% month-over-month in June, raising hopes that the worst inflation print of the year is behind us.
What's happening
A softer June CPI could follow the drop in fuel costs.
Analysts caution that energy markets remain hostage to geopolitics.
Why it matters
Cheaper fuel would ease pressure on both households and the Fed.
Tags
EconomyInflationEnergy