Here's the inflation breakdown for June 2024 — in one chart

The consumer price index (CPI) increased by 3% in June 2024 compared to the same period the previous year, according to the Bureau of Labor Statistics. This marks a decline from the 3.3% increase observed in May 2024.

In June 2024, gasoline prices fell by 3.8% compared to May 2024, contributing to the decline in overall inflation. This decrease in gas prices was a result of weaker demand, increased supply, and falling oil costs.