Import prices were up 0.3% for the month, as a drop in energy was more than offset by increases elsewhere.
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The latest edition of the Fed's Beige Book indicated that the soccer tournament wasn't necessarily translating to broader economic growth.
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As with consumer prices, the index benefited from easing energy costs, particularly as oil fell due to the brief pause in tensions between the U.S. and Iran.
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Several consecutive days of strikes exchanged between the U.S. and Iran have cast uncertainty on the European Central Bank's interest rate decision next week.
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That second-quarter growth came below Beijing's full-year growth target range of 4.5% to 5%, the least ambitious goal in decades.
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The consumer price index in June was expected to increase 3.8% from a year ago.
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Inflation has risen for the eighth straight month in India, as food and energy prices rise due to the Iran war and deficient rainfall.
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Following a wave of price hikes, at-home pastimes like streaming movies or playing video games are pinching pocketbooks.
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Investors increasingly view China's two-speed growth with robust export and tepid domestic demand as a defining long-term feature of the Chinese economy.
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The European Central Bank's Christine Lagarde has declined to rule out an early end to her term as president, as she mulls a foray into French politics.
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A drop in the unemployment rate helped provide some upside to what was an otherwise downbeat jobs report — but it was for all the wrong reasons.
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Nonfarm payrolls were expected to rise by 115,000 in June and the unemployment rate to hold steady at 4.3%.
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