US core CPI was subdued in July, likely reducing pressure on the Fed to raise rates. The Bureau of Labor Statistics said core CPI, excluding food and energy, rose 0.2% MoM and 2.5% YoY in July — the YoY increase matched the weakest since March 2021. Headline CPI rose 0.1% MoM and 3.4% YoY.

2026-08-12

US core CPI was subdued in July, likely reducing pressure on the Fed to raise rates. The Bureau of Labor Statistics said core CPI, excluding food and energy, rose 0.2% MoM and 2.5% YoY in July — the YoY increase matched the weakest since March 2021. Headline CPI rose 0.1% MoM and 3.4% YoY.