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Inflation peaked in May as energy prices fell in June, Kalshi traders think

CNBC · Jul 1, 2026, 4:27 PM · Also reported by 3 other sources

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With oil and gas prices falling in the wake of the detente between the U.S. and Iran, prediction market traders now think inflation has peaked.
Speculators on prediction market platform Kalshi think there's only a 28% chance that headline inflation this year climbs above 4.2%, the annual rate of increase in the Consumer Price Index in May.

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With oil and gas prices falling in the wake of the detente between the U.S. and Iran, prediction market traders now think inflation has peaked.

Speculators on prediction market platform Kalshi think there's only a 28% chance that headline inflation this year climbs above 4.2%, the annual rate of increase in the Consumer Price Index in May.

Article preview — originally published by CNBC. Full story at the source.

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Inflation peaked in May as energy prices fell in June, Kalshi traders think

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