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Inflation cools to 3.5% in June in relief brought by brief US-Iran peace deal

Recent strikes have sent oil prices climbing again, with average gas price per gallon up by $0.70 compared with 2025 Inflation cooled to an annual rate of 3.5% in June as the brief US-Iran ceasefire, which has since ended, brought energy prices down, according to new data from the Bureau of Labor Statistics. The consumer price index (CPI), which measures a basket of goods and services, has been elevated since the start of the war, largely because of higher energy prices. After mostly staying under 3% since mid-2024, CPI reached a three-year high of 4.2% in May – up from 2.4% in February. Month-over-month, CPI fell 0.8% in June, the largest one-month decrease since April 2020. Continue reading... from The Guardian https://ift.tt/eHywGU9 via IFTTT
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Flights delayed across US amid air traffic controller shortages as shutdown drags on

Nearly 50% of 30 busiest airports facing absences as staff are forced to work without pay and shutdown hits 31st day

Nearly 50% of the 30 busiest US airports faced shortages of air traffic controllers, the Federal Aviation Administration (FAA) said on Friday, leading to flight delays nationwide as a federal government shutdown hit its 31st day.

The absence of controllers on Friday is by far the most widespread since the shutdown began, with one of the worst-hit regions being New York, where 80% of air traffic controllers were out, the agency said.

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