A decline in energy prices helped drive consumer inflation lower in June, providing relief for Americans, especially at the pump, the government reported on July 14.
The median sales price of homes in the US hit a record high of $408,838 for the four weeks ending June 28, real estate brokerage Redfin said in a July 2 statement.
The U.S. annual inflation rate surged to 4.2 percent last month, from 3.8 percent in April, according to new Bureau of Labor Statistics data released on June 10.
Target and Walmart posted stronger first-quarter sales, but warned of growing pressure on low-income consumers and an increasingly uncertain retail outlook.
The U.S. government will loan 53 million barrels of oil from the SPR to petroleum companies in bid to relieve elevated gas and oil prices amid Iran conflict.
