HomeBusinessUS inflation rate eases to 3.5% as gasoline prices fall

US inflation rate eases to 3.5% as gasoline prices fall

Inflation in the US eased last month as the cost of filling up at the pumps fell, official figures show.

Prices rose 3.5% in the year to June, according to the Bureau of Labor Statistics (BLS), down from 4.2% recorded in May.

Gasoline prices decreased 9.7% last month, the statistics body said.

However, while the rate of inflation has fallen, the easing of price rises could be short-lived due to the renewed conflict in the Middle East sending global oil prices up again.

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