I'll research the latest CPI update. Let me start by finding the most recent data. I see a headline "CPI for all items falls". Let me get the page text to find the latest release details. The latest CPI release is dated 07/14/2026: "CPI for all items falls 0.4% in June; gasoline down". Let me open the full news release for details. Let me extract the full text of the news release. I have the core details. Let me grab the remaining section on not seasonally adjusted measures and regional/chained CPI details. Latest CPI Update — June 2026 (released July 14, 2026) Source: U.S. Bureau of Labor Statistics, Consumer Price Index Summary (USDL-26-1191), embargoed until 8:30 a.m. ET, July 14, 2026. This covers the June 2026 data (report month M06). Headline numbers Measure June 2026 (monthly, SA) 12-month (NSA) All items (CPI-U) −0.4% (after +0.5% in May) +3.5% All items less food & energy ("core") unchanged (0.0%) (after +0.2%) +2.6% Food +0.2% +3.0% Energy −5.7% +15.7% What the decline entails Largest 1-month drop since April 2020. The all-items index fell 0.4% — the biggest monthly decline since the early-pandemic −0.8% reading. Energy drove it. Energy fell 5.7% (largest 1-month drop since April 2020), with gasoline down 9.7% — more than offsetting gains in shelter and food. Core inflation stalled. Ex-food/energy was flat in June. Shelter rose just 0.1%, its smallest monthly move since January 2021 (rent +0.1%, owners' equiv. rent +0.2%); lodging away from home fell 2.3%. Falling indexes: motor vehicle insurance (−2.0%), communication (−1.5%), apparel (−0.6%), used cars/trucks (−0.2%), medical care (−0.1%). Rising indexes: recreation (+0.5%), household furnishings & operations (+0.2%), personal care (+0.2%). Year-over-year detail Energy still up 15.7% over 12 months — gasoline +26.7%, fuel oil +42.9% (the monthly drop hasn't erased the annual climb). Food +3.0% (food away from home +3.4%; fruits/vegetables +5.3%). Core +2.6%; notable annual gains: airline fares +26.5%, recreation +2.8%, household furnishings +2.5%, shelter +3.3%. Other indexes (NSA, 12-month) CPI-W: +3.5% (monthly −0.5% before adjustment). Chained C-CPI-U: +3.4% (monthly −0.3%); note its prior 10–12 months are subject to revision. What's next The July 2026 CPI is scheduled for release August 12, 2026, at 8:30 a.m. ET. Bottom line: June showed a rare monthly deflation in headline CPI, almost entirely a gasoline/energy story. Underlying "core" inflation was essentially flat, with shelter cooling — a meaningful disinflation signal, though energy's annual pace remains elevated. Note: the BLS homepage still displays a stale "LATEST NUMBERS: +0.5% in May 2026" widget, but the official July 14 release supersedes it with the June figures above.

Question

I'll research the latest CPI update. Let me start by finding the most recent data.  I see a headline "CPI for all items falls". Let me get the page text to find the latest release details.  The latest CPI release is dated 07/14/2026: "CPI for all items falls 0.4% in June; gasoline down". Let me open the full news release for details.  Let me extract the full text of the news release.  I have the core details. Let me grab the remaining section on not seasonally adjusted measures and regional/chained CPI details.  Latest CPI Update — June 2026 (released July 14, 2026) Source: U.S. Bureau of Labor Statistics, Consumer Price Index Summary (USDL-26-1191), embargoed until 8:30 a.m. ET, July 14, 2026. This covers the June 2026 data (report month M06).  Headline numbers Measure	June 2026 (monthly, SA)	12-month (NSA) All items (CPI-U)	−0.4% (after +0.5% in May)	+3.5% All items less food & energy ("core")	unchanged (0.0%) (after +0.2%)	+2.6% Food	+0.2%	+3.0% Energy	−5.7%	+15.7% What the decline entails Largest 1-month drop since April 2020. The all-items index fell 0.4% — the biggest monthly decline since the early-pandemic −0.8% reading. Energy drove it. Energy fell 5.7% (largest 1-month drop since April 2020), with gasoline down 9.7% — more than offsetting gains in shelter and food. Core inflation stalled. Ex-food/energy was flat in June. Shelter rose just 0.1%, its smallest monthly move since January 2021 (rent +0.1%, owners' equiv. rent +0.2%); lodging away from home fell 2.3%. Falling indexes: motor vehicle insurance (−2.0%), communication (−1.5%), apparel (−0.6%), used cars/trucks (−0.2%), medical care (−0.1%). Rising indexes: recreation (+0.5%), household furnishings & operations (+0.2%), personal care (+0.2%). Year-over-year detail Energy still up 15.7% over 12 months — gasoline +26.7%, fuel oil +42.9% (the monthly drop hasn't erased the annual climb). Food +3.0% (food away from home +3.4%; fruits/vegetables +5.3%). Core +2.6%; notable annual gains: airline fares +26.5%, recreation +2.8%, household furnishings +2.5%, shelter +3.3%. Other indexes (NSA, 12-month) CPI-W: +3.5% (monthly −0.5% before adjustment). Chained C-CPI-U: +3.4% (monthly −0.3%); note its prior 10–12 months are subject to revision. What's next The July 2026 CPI is scheduled for release August 12, 2026, at 8:30 a.m. ET.  Bottom line: June showed a rare monthly deflation in headline CPI, almost entirely a gasoline/energy story. Underlying "core" inflation was essentially flat, with shelter cooling — a meaningful disinflation signal, though energy's annual pace remains elevated.  Note: the BLS homepage still displays a stale "LATEST NUMBERS: +0.5% in May 2026" widget, but the official July 14 release supersedes it with the June figures above.

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📊 Latest CPI Update — June 2026 (Released July 14, 2026)

Source: U.S. Bureau of Labor Statistics, Consumer Price Index Summary (USDL-26-1191)

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🏆 Headline Numbers

| Measure | Monthly Change (SA) | 12-Month Change (NSA) |
|---|---|---|
| All items (CPI-U) | −0.4% (largest drop since Apr 2020) | +3.5% |
| Core (ex-food & energy) | 0.0% (unchanged) | +2.6% |
| Food | +0.2% | +3.0% |
| Energy | −5.7% (largest since Apr 2020) | +15.7% |
| Shelter | +0.1% (smallest since Jan 2021) | +3.3% |

⛽ What Drove the Decrease

The headline decline was entirely an energy story:
Gasoline fell 9.7% in June (before SA, also −9.7%)
Energy fell 5.7% — the largest 1-month drop since April 2020
This more than offset gains in shelter and food

📉 Falling Components (Monthly)

| Category | Monthly Change |
|---|---|
| Gasoline (all types) | −9.7% |
| Fuel oil | −9.2% |
| Lodging away from home | −2.3% |
| Motor vehicle insurance | −2.0% |
| Communication | −1.5% |
| Electricity | −1.0% |
| Apparel | −0.6% |
| Used cars & trucks | −0.2% |
| Medical care | −0.1% |

📈 Rising Components (Monthly)

| Category | Monthly Change |
|---|---|
| Eggs | +4.3% |
| Dairy & related products | +1.2% |
| Meats, poultry, fish, eggs | +0.6% |
| Recreation | +0.5% |
| Full service meals | +0.4% |
| Cereals & bakery products | +0.3% |
| Household furnishings & operations | +0.2% |
| Personal care | +0.2% |

📅 Year-over-Year Highlights

Energy commodities: +27.1% (gasoline +26.7%, fuel oil +42.9%)
Airline fares: +26.5%
Fruits & vegetables: +5.3%
Electricity: +4.0%
Apparel: +3.9%
Food away from home: +3.4%
Shelter: +3.3%
Recreation: +2.8%
Household furnishings & operations: +2.5%
Used cars & trucks: −1.8%
Medical care commodities: −2.1%

📋 Other CPI Measures (NSA, 12-month)

CPI-W (Urban Wage Earners & Clerical Workers): +3.5% (monthly −0.5% before SA)
C-CPI-U (Chained CPI): +3.4% (monthly −0.3% before SA; prior 10–12 months subject to revision)

🎯 Key Takeaways

Rare monthly deflation — the first negative monthly headline CPI since early pandemic (Apr 2020)
Core inflation stalled — flat for the month, a meaningful disinflation signal
Shelter is finally cooling — rose just 0.1% (smallest since Jan 2021), with rent +0.1% and OER +0.2%
Energy annual pace remains elevated (15.7%) despite the sharp monthly gasoline drop
All-items annual rate fell from 4.2% (May) to 3.5% (June); core from 2.9% to 2.6%

🗓️ Next Release

The July 2026 CPI is scheduled for Wednesday, August 12, 2026 at 8:30 a.m. (ET).

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