Americans may have caught a rare break from rising prices last month as falling gas costs helped push inflation lower. But the relief could be short-lived, with renewed tensions involving Iran sending oil prices sharply higher and threatening to reignite inflation.
A government report due Tuesday is expected to show consumer prices fell 0.2% in June, according to economists surveyed by FactSet. If confirmed, it would mark the first monthly decline in inflation in nearly four years. Annual inflation is forecast to ease to 3.9% from 4.2% in May.
