The Globe and Mail reports in its Friday, July 12, edition that most other major drivers of inflation over the past three years -- groceries, used cars and gas -- have either levelled off or declined. An Associated Press dispatch to The Globe reports that in a better-than-expected report, consumer prices declined 0.1 per cent from May to June after having remained flat the previous month, the Labour Department said Thursday. It was the first monthly decline in inflation since May, 2020. Measured from one year earlier, prices were up 3 per cent in June, cooler than the 3.3-per-cent annual rate in May. The Federal Reserve has kept its key interest rate unchanged for nearly a year after having aggressively raised it in 2022 and 2023. Inflation is now far below its peak of 9.1 per cent in mid-2022. Other measures suggest the economy is healthy, though slowing: Unemployment is still relatively low, hiring remains steady, and many consumers continue to travel, eat out and spend on entertainment. In June, inflation in the United States fell for the third consecutive month, indicating that the significant price increase seen in the past four decades is diminishing and may lead to potential interest-rate cuts by the Fed.