The BLS releases the July CPI report today at 8:30 a.m. ET. Economists expect inflation to cool to 3.4%, with energy prices being a key area to watch.

The government is set to release the consumer price index for July as Americans contend with a tight labor market and elevated energy costs.

The BLS releases the July CPI report today at 8:30 a.m. ET. Economists expect inflation to cool to 3.4%, with energy prices being a key area to watch.