The Consumer Price Index (CPI) experienced its steepest monthly decline in over two years, dropping 0.4% in June and marking the largest one-month decrease since April 2020. This reduction exceeded analyst forecasts. The annual inflation rate eased to 3.5% year-on-year in June, down from 4.2% the previous month. Energy prices were the primary factor behind this decline, with a 5.7% drop in energy-related costs observed during the period. […]
