 Your wallet may not have noticed, but the government says inflation cooled a bit in June for the third month in a row. The government reports consumer prices declined 0.1% from May to June after having remained flat the previous month. Measured from 12 months earlier, prices were up 3% in June, down from 3.3% in May. The latest inflation readings could help convince the Fed's policymakers that inflation is returning to its 2% target.