Inflation in the United States recorded a more pronounced drop than expected in June, completely surprising market analysts and economists, whose projections fell short of the official data released this Tuesday by the Department of Labor.
According to the published figures, the price index recorded a monthly decrease of 0.4%, representing the largest drop in six years. This decline also allowed for a significant moderation of year-on-year inflation, which fell from 4.2% in May to 3.5% in June.
The final figure directly contrasted with market estimates. Analysts and economists had projected a monthly reduction of only 0.2%, or even none, and an annual rate of 3.8%. However, the official result turned out to be notably more favorable, marking a significant difference from the forecasts.
According to the data released, the relief in prices was mainly driven by a sharp drop in energy and gasoline costs, factors that explained part of the monthly decline in the overall index.
