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
Ukrainian minister says Moscow is ‘massively attacking’ grid; Volodymyr Zelenskyy says Russian troops gathering near north-eastern city. What we know on day 1,354
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