Cost of Living, Consumer Confidence in U.S. Probably Dropped

The cost of living in the U.S. dropped in June for a third straight month, showing inflation is contained as the recovery cools, economists said ahead of reports today.

The consumer price index declined 0.1 percent last month after a 0.2 percent drop in May, according to the median forecast of 75 economists in a Bloomberg News survey. Another report will show consumer sentiment dropped in early July, economists said.