US July CPI Rises 3.4% YoY, Matching Forecasts
US consumer inflation continued to cool in July 2026, with the unadjusted Consumer Price Index up 3.4% from a year earlier, down from 3.5% in June and in line with market expectations. The reading extends the slowdown for a second straight month and moves further away from the 2023 peak of 4.2% recorded in May. On a month-over-month basis, CPI increased 0.1%, as anticipated, reversing June's 0.4% decline—the first monthly drop since May 2020.
