Inflation Numbers Beat Predictions, Deliver Great News for Americans

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By Nick Arama

The June inflation numbers just dropped, and they're delivering some great news.

As our sister site Townhall reported, the numbers crushed it, coming in much better than expected.

The consumer price index, a broad measure of costs for goods and services across the U.S. economy, was lower than expected across the board. The CPI fell a seasonally adjusted 0.4% for the month, bringing the annual inflation rate down to 3.5%.

Economists surveyed by Dow Jones had been looking for a drop of 0.2% and an inflation rate of 3.8%, following the 4.2% reading in May. The monthly decline in headline inflation was the biggest since April 2020.

As CNBC's Rick Santelli explained, the drop was "four times" better than expected. On top of that, core inflation month over month was flat, lower than expectations.

It "comes in at goose egg," Santelli said, the smallest change since January 2021. 

Gasoline and fuel oil both saw decreases of 9 percent in June.

Fox Business' Maria Bartiromo also declared that the numbers were "excellent."

Bartiromo also noted the positive effect the news was having on the markets. 

President Donald Trump also celebrated the news.

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