US Annual Inflation Rate Falls to 3.5% in June, Exceeding Forecasts

The annual Consumer Price Index (CPI) in the United States dropped to 3.5% in June, down from 4.2% in May, surpassing economists' expectations of 3.8%. Core inflation, which excludes volatile food and energy prices, remained stable, indicating a broader deceleration in price increases. This data suggests a more significant cooling of inflation than anticipated.