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Falling gas prices cut inflation last month yet renewal of Iran war could limit progress
By Christopher Rugaber, Associated Press at KPRC 2 / Click2Houston (NBC)
· July 13, 2026
· 5 min read
U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, though much of the progress could be reversed if the Iran war keeps worsening.Prices dropped 0.4% in June from May, the largest monthly drop in four years, the Labor Department sa...
Key takeaway 4% in June from May, the largest monthly drop in four years, the Labor Department said Tuesday.
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Category: local ·
Published: July 13, 2026 ·
Source: KPRC 2 / Click2Houston (NBC) ·
Reading time: 5 min
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Frequently asked about this story
What is this story about? U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, though much of the progress could be reversed if the Iran war keeps worsening.Prices dropped 0.4% in June from May, the largest monthly drop in four years, the Labor Department sa...
When was this published? This article was first published on July 13, 2026 by KPRC 2 / Click2Houston (NBC) and curated for The Piney Point readers.
Who reported this story? This story was reported by Christopher Rugaber, Associated Press at KPRC 2 / Click2Houston (NBC). To learn more about how The Piney Point selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Piney Point, or browse our daily briefing and topic hubs .
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