Inflation eases in July as gasoline and grocery prices fall

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.

US inflation eased for a second month in July, with consumer prices rising 3.4% from a year earlier, down from 3.5% in June, exactly as economists had forecast, a reading that hands neither side of a divided Federal Reserve fresh ammunition before next month's rate decision.

The Consumer Price Index rose 3.4% in July over the past 12 months, cooling slightly from 3.5% in June, the Bureau of Labor Statistics said Wednesday.

The consumer price index rose 0.1 percent compared with June, the Department of Labor said Wednesday. Compared with a year ago, the consumer price index is up 3.4 percent.

Fallout from Iran war continues to reverberate across economy

12 August 2026 The annual inflation rate in Romania fell by 2.2% for the first time in the last twelve months and reached 8.2% in July, according to data from the National Institute of Statistics. In June 2026, the annual inflation rate had fallen slightly, to 10.4%. In May 2026, the rate was 10.9%, after the indicator

Brazil · Economy Key Facts Monthly rise Brazil’s IPCA rose 0.07% in July, down from 0.16% in June. Annual rate The 12-month IPCA hit 4.44%, down from 4.64% in June and back inside the 1.5%–4.5% target band. Year-to-date Inflation accumulated 3.44% in the first seven months of 2026. Main driver Housing costs rose 0.99%,

Food inflation fell to 7.16 percent in July from 8.60 percent in June

SEOUL, Aug 11 : South Korea's central bank will raise interest rates further to respond to persistent inflationary pressure, the outgoing deputy chief said on Tuesday. "Unless there is an extraordinary shock or an extraordinary factor, the possibility of an additional rate hike is high," Bank of Korea Senior Deputy Gov

Calapan City, Philippines — Inflation in the Mimaropa region eased to 5.3 percent in July, down from 5.7 percent in June, according to a special report from the Philippine Statistics Authority (PSA) on Monday. This signals a slight cooling of price pressures in the region, according to government economists.  The decel