Consumer Prices Declined 0.4% in June, Inflation at 3.5%

Washington, DC, July 14, 2026—The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.4% on a seasonally adjusted basis in June after rising 0.5% in May, the U.S. Bureau of Labor Statistics reported. 

This decline in the all-items index was the largest one-month decrease since April 2020 when it fell 0.8%. Over the last 12 months, the all-items index increased 3.5% before seasonal adjustment.

The index for energy fell 5.7% in June after rising 3.9% in May, 3.8% in April, and 10.9% in March. 

The energy index was the largest contributor to the monthly all items decrease, more than offsetting increases in other indexes including those for shelter and food. The index for food increased 0.2% over the month, as did the index for food at home and the index for food away from home. 

The index for all-items less food and energy was unchanged in June. Indexes that decreased over the month include motor vehicle insurance, communication, apparel, medical care and used cars and trucks. Conversely, the indexes for recreation, household furnishings and operations, and personal care were among the major indexes that increased in June.

The all-items index rose 3.5% for the 12 months ending June after rising 4.2% for the 12 months ending May. The all items less food and energy index rose 2.6% over the year, following a 2.9% increase over the 12 months ending May. The energy index increased 15.7% for the 12 months ending June. The food index increased 3.0% over the last year.