The June inflation numbers just dropped, and they're delivering some great news.
As our sister site Townhall reported, the numbers crushed it, coming in much better than expected.
BREAKING: Inflation posting the biggest one-month drop since April 2020.
— Fox News (@FoxNews) July 14, 2026
New June CPI data shows prices fell 0.4% from the previous month — the biggest monthly decline since April 2020 — bringing the annual inflation rate to 3.5% as price pressures continue to ease.
The report… pic.twitter.com/8QXqyTqmEE
The consumer price index, a broad measure of costs for goods and services across the U.S. economy, was lower than expected across the board. The CPI fell a seasonally adjusted 0.4% for the month, bringing the annual inflation rate down to 3.5%.
Economists surveyed by Dow Jones had been looking for a drop of 0.2% and an inflation rate of 3.8%, following the 4.2% reading in May. The monthly decline in headline inflation was the biggest since April 2020.
As CNBC's Rick Santelli explained, the drop was "four times" better than expected. On top of that, core inflation month over month was flat, lower than expectations.
🚨 BREAKING: US inflation just STUNNED the experts and FELL -0.4% month over month, the largest plummet in 6 YEARS — CNBC
— Eric Daugherty (@EricLDaugh) July 14, 2026
Gasoline and fuel nearly -9%
Year over year, inflation is 3.5%, lower than economists expected
KEEP IT GOING! 🇺🇸 pic.twitter.com/SVamBjJ88g
It "comes in at goose egg," Santelli said, the smallest change since January 2021.
Gasoline and fuel oil both saw decreases of 9 percent in June.
ALSO SEE: The Inflation Story the Media Will Miss: Energy Drove 60 Percent of May's Increase
Trump Moves to Cut Gas Tax As War-Driven Inflation Hits American Wallets
Fox Business' Maria Bartiromo also declared that the numbers were "excellent."
.@MariaBartiromo on the June CPI data: "This is an EXCELLENT number on the Consumer Price Index — down 0.4%." pic.twitter.com/fZLXNgpudn
— Rapid Response 47 (@RapidResponse47) July 14, 2026
Bartiromo also noted the positive effect the news was having on the markets.
President Donald Trump also celebrated the news.
Editor’s Note: Thanks to President Trump’s leadership and bold policies, America’s economy is back on track.
Help us continue to report on the president’s economic successes and combat the lies of the Democrats. Join RedState VIP and use promo code FIGHT to receive 60% off your membership.
Join the conversation as a VIP Member