# US inflation cools to 3.5% in June on falling gas prices, temporary Iran deal

Annual US inflation eased to 3.5% in June, driven largely by lower gas prices following a brief US-Iran agreement. However, analysts warn the relief may be short-lived as the deal is temporary and other price pressures persist.

**Importance:** 3/5

## Sources

### World
- [The Guardian World](https://www.theguardian.com/business/2026/jul/14/june-cpi-report-inflation-cools-iran-deal) — Tue, 14 Jul 2026 12:39:43 GMT
- [Al Jazeera](https://www.aljazeera.com/video/newsfeed/2026/7/14/us-risks-falling-into-escalation-trap-if-it-deploys-troops-in-iran?traffic_source=rss) — Tue, 14 Jul 2026 18:32:40 +0000
- [Al Jazeera](https://www.aljazeera.com/video/inside-story/2026/7/17/can-the-us-and-iran-reach-a-lasting-deal-to-end-the-conflict?traffic_source=rss) — Fri, 17 Jul 2026 18:12:00 +0000

### Business
- [Washington Post Biz](https://www.washingtonpost.com/business/2026/07/14/june-inflation-cools-gas-prices-fall-risks-remain/) — Tue, 14 Jul 2026 12:36:03 +0000
- [Fox News Business](https://www.foxbusiness.com/economy/cpi-inflation-june-2026) — Tue, 14 Jul 2026 14:07:46 GMT