In June the Headline CPI declined by -0.1% led by declines in Gasoline (-3.9%), Oil (-3.8%), Airline Fares (-5.7%), and a moderation in Shelter inflation from an increase of 0.4% in May to 0.2% in June. The decline in Shelter inflation brought monthly Core down to 0.1% from 0.2% in June. On a 12 month annualized basis the Headline CPI fell to 3.0% from 3.3% in May and the Core dipped to 3.3% from 3.4%....
