US inflation cools to slowest pace in a year

Price rises in the US cooled in June, building hopes that the world's largest economy is moving on from the bout of high inflation that hit after the pandemic.Prices rose 3% over the 12 months to June, as lower energy prices helped to deliver the slowest price inflation in a year, the Labor Department said. It marked the third month in a row that inflation has fallen, easing financial pressures on households and…