Consumers no longer expect elevated inflation as prices have cooled back to a normal pace of increase.
*US 1-YR INFLATION EXPECTATIONS FELL TO 3% IN JUNE FROM 3.2%
*US 3-YR INFLATION EXPECTATIONS ROSE TO 2.9% IN JUNE AFTER 2.8%
*US 5-YR INFLATION EXPECTATIONS FELL TO 2.8% IN JUNE AFTER 3%
