US consumer prices fell 0.4 percent in June from May, while annual inflation slowed to 3.5 percent, according to figures summarised by the Associated Press.
At the same time, large-scale investment in artificial-intelligence data centres is increasing demand for chips, processors and electricity, creating a separate source of price pressure.
The mixed signals matter beyond the United States because interest-rate decisions, technology valuations, energy prices and the dollar influence borrowing and investment conditions globally.
What to know
- Monthly US consumer prices fell 0.4 percent in June.
- Annual inflation was reported at 3.5 percent.
- AI infrastructure investment is increasing demand for computing hardware and electricity.
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