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Inflation eases in July as gasoline and grocery prices fall

Inflation eases in July as gasoline and grocery prices fall
NPR News Wednesday 12 August 2026, 14:00 UTC By Scott Horsley 1 min read
Key Points

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. (Image credit: Justin Sullivan)

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.

(Image credit: Justin Sullivan)

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Fed (ORG) Justin Sullivan (PERSON)
Originally published by NPR News Read original →

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