Key Takeaway
Consumer prices in July were up 3. 4% from a year ago — a smaller annual increase than in May or June.
Published August 12, 2026 · Category: News
Overview
Consumer prices in July were up 3.4% from a year ago — a smaller annual increase than in May or June. The news makes it less likely the Fed will feel the need to raise interest rates in September.
Details
(Image credit: Justin Sullivan)
Source
Originally published at www.npr.org.
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Frequently Asked Questions
What is "Inflation eases in July as gasoline and grocery prices fall" about?+
Consumer prices in July were up 3.4% from a year ago — a smaller annual increase than in May or June. The news makes it less likely the Fed will feel the need to raise interest rates in September.
Who reported this story?+
This story was reported by NPR News.