The June consumer price index shows that annual inflation is moving closer to the Federal Reserve’s 2% target. Energy put downward pressure on inflation as a lull in the Iran war easing prices for consumers. CNBC’s Alex Harring breaks down what the June CPI reveals about prices.
CREDITS:
Reporter
Alex Harring
Produced by
Macklin Fishman
Animation
Emily Park, Jason Reginato
Edited by
Darren Geeter
Senior Managing Producer
Shawn Baldwin
Additional Footage
Getty Images
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