US inflation eased to 3.4% in July from 3.5% in June, as food and gasoline prices declined monthly despite annual energy costs remaining significantly higher.
Month-on-month inflation rose by just 0.1%
Aug 13, 2026
10:05 am
What's the storyUS inflation has eased a bit, with consumer prices rising 3.4% year-on-year in July, slightly lower than the 3.5% increase recorded in June.
The Bureau of Labor Statistics reported that month-on-month inflation rose by just 0.1%, mainly due to rising housing costs.
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