Inflation likely cooled last month as gas prices declined, providing consumers with some welcome relief even as renewed combat with Iran has sent oil prices climbing again. The government’s latest inflation report, to be released Tuesday, is forecast to show that consumer prices dropped 0.2% in June, according to a survey of economists by data provider FactSet. It would be the first monthly decline in nearly four years. Compared with a year ago, prices probably rose 3.9%, down from a 4.2% annual rate in May. Gas prices have fallen a bit more in July, suggesting inflation could dip again in next month’s report. Still, ... (full story)