According to the US Bureau of Labor Statistics the US inflation rate decreased to an eight month low in June to 1.6%.
Joana Taborda at Trading Economics wrote:
Consumer prices in the United States increased 1.6 percent year-on-year in June of 2017, below 1.9 percent in May and compared to market expectations of 1.7 percent. It is the lowest inflation rate since October of 2016 due to a 0.4 percent fall in gasoline prices.”
President Trump’s executive actions to move forward with the Keystone XL and Dakota Access pipelines may not only reduce the cost of gasoline [READ MORE HERE]