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Inflation slowed sharply -- but it may not last

Annual inflation hit 3.5% in June, down from May's more than three-year high — but the resumption of the conflict with Iran threaten to push up inflation as energy costs once again spike.
Annual inflation hit 3.5% in June, down from May's more than three-year high — but the resumption of the conflict with Iran threaten to push up inflation as energy costs once again spike.

This article was originally published at: https://www.npr.org/2026/07/14/nx-s1-5893379/inflation-ec...