Post from Truth Social

This refers to the seasonally adjusted month-over-month change in the headline Consumer Price Index (CPI-U) for June 2026, released by the Bureau of Labor Statistics on July 14, 2026. The CPI-U fell 0.4% for the month, which multiple outlets confirm was the largest single-month decline since April 2020, when it fell 0.8%. April 2020 to June 2026 is roughly six years and two months, so 'over six years' is accurate. CNBC reported the 0.4% monthly drop and the annual rate cooling to 3.5% from 4.2% in May. NewsBusters/CNSNews explicitly framed it as prices recording their 'steepest monthly decline in more than six years,' attributing the record to the fact that the last larger drop was the 0.8% fall in April 2020. Breitbart's headline called it the 'biggest decline in six years.' The usinflationcalculator page confirmed the 0.4% seasonally adjusted monthly decline, with gasoline down 9.7%, the broader energy index down 5.7%, and electricity down 1.0% for the month. On the Yahoo Finance/CNBC account, White House NEC Director Kevin Hassett called it 'absolutely the best inflation report we have seen in six years.' Context worth noting: the decline was driven overwhelmingly by a temporary energy/gasoline plunge (energy -5.7%, its biggest drop since April 2020), while core CPI (excluding food and energy) was flat on the month, so the headline magnitude overstates broad-based disinflation. But the literal claim — that the monthly price decline was the largest in over six years — is accurate and independently confirmed.

The specific figure of 67 economists is directly corroborated. Bloomberg surveyed 67 economists ahead of the June 2026 CPI release, and the actual reading came in below the forecast of every one of them. The clearest independent confirmation is a direct quote from White House NEC Director Kevin Hassett on CNBC, reported by Yahoo Finance: 'If you look at Bloomberg, they surveyed 67 economists and 67 economists got it wrong because they didn't understand that it wasn't just about energy.' The consensus forecast was for a 0.1% monthly decline (and about 3.8% year-over-year), while the actual came in at a 0.4% monthly decline (3.5% year-over-year) — a 0.3 percentage-point downside surprise that reporting described as landing below the entire forecast range. Search results summarizing the coverage stated the CPI came in 'below the forecast of every single Bloomberg economist' and that 'not one of the 67 economists in the Bloomberg survey had it right.' A dedicated write-up (WLT Report) carried the headline that 'all 67 economists' got the inflation report wrong. CNBC and other outlets independently noted the reading was 'less than expected.' The number (67), the source (Bloomberg's economist survey), and the unanimity of the downside miss are all consistent across sources, so the claim as worded is accurate. The only mild caveat is that this reflects a genuine but volatile downside surprise driven largely by the energy component, which most forecasters had not expected to fall so sharply.

This figure is confirmed by the primary source. The U.S. Bureau of Labor Statistics Real Earnings news release for June 2026 (released July 14, 2026, report number USDL-26-1192, published alongside the June CPI) states that real average hourly earnings for all employees increased 0.8 percent from May to June 2026, seasonally adjusted. That result stemmed from a 0.3 percent increase in nominal average hourly earnings combined with a 0.4 percent decrease in the Consumer Price Index for All Urban Consumers (CPI-U). Real average weekly earnings likewise increased 0.8 percent over the month (the real hourly change combined with no change in the average workweek), and real average hourly earnings for production and nonsupervisory employees also rose 0.8 percent from May to June. So every headline 'real wages' measure in the BLS report rose exactly 0.8 percent for the month, matching the post's figure precisely. The gain was genuinely notable in historical terms: one analyst noted real average weekly earnings jumped about 0.77 percent month-over-month, the strongest reading since January 2016 outside the April 2020 pandemic spike, consistent with the same report showing the biggest monthly price decline in more than six years. Two caveats do not change the numeric accuracy but add context. First, the 0.8 percent real gain was driven more by the decline in prices (CPI-U down 0.4 percent) than by the 0.3 percent nominal wage growth, so the post's 'strong Wage Growth and a decline in Prices' framing overweights the wage contribution. Second, this is a one-month figure that partly rebounds from prior months of erosion during the spring inflation surge: year-over-year, real average hourly earnings rose only 0.1 percent for all employees and fell 0.1 percent for production and nonsupervisory workers, and outlets such as the Center for American Progress and Marketplace noted real-wage progress in the first half of 2026 was roughly flat. Nonetheless, the specific claim about June is accurate.