CNBC Reports Inflation Drops .4%, the Biggest Drop in 6 Years

TRANSCRIPT:

SANTELLI: "Here we go, this is our June release of the Consumer Price Index. Expecting a headline number to be negative. Negative one tenth of a percent. This is four times more negative, minus 4/10 of a percent. That would be the biggest negative drop that we’ve seen since 4/20, since basically Covid timing, which really affected, of course, all of the inflation data points. So that goes back to basically six-year low."