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Kiplinger
Kiplinger
Business
Sean Jackson

Inflation Is at 3.50%: These Savings Accounts Are Outpacing It

Inflation US Federal Reserve Newtek Bank
An illustration of a hand holding a gas pump over a rising chart with gold coins on it. .

The Bureau of Labor Statistics released its June CPI report, showing inflation dropped 0.4% for the month, the largest drop since April 2020. Year-over-year, inflation is up 3.50%.

Temporary lower fuel costs remain the primary catalyst for these trends. Core CPI remained unchanged, though the ongoing conflict in Iran threatens price stability.

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