Consumers find mild relief as June inflation dips by 0.1%

After not budging in May, the Consumer Price Index (CPI) slowed 0.1% in June on a seasonally adjusted basis, the Bureau of Labor Statistics recently reported.Over the last 12 months, the index for all items rose 3%, a slowdown from the 3.3% rise in May. Food prices largely drove the increase, as well as continuously high housing costs and car insurance prices.The index for food increased 0.2% in June while the motor vehicle insurance index rose by 0.9%, eliminating gains made in May when the ind