US CPI rose 0.1% in July 2026 as falling gas prices offset shelter costs. Annual inflation eased to 3.4%, with core CPI down to 2.5%

US consumer prices likely rose moderately in July, driven by easing gasoline prices and economic impacts from the Middle East conflict.

US consumer prices are expected to have risen modestly in July, potentially easing market expectations of a Federal Reserve rate hike this year. However, inflation remains above…