{"id":46226,"date":"2026-08-12T16:28:03","date_gmt":"2026-08-12T16:28:03","guid":{"rendered":"https:\/\/financialrush.com\/?p=46226"},"modified":"2026-08-12T16:28:03","modified_gmt":"2026-08-12T16:28:03","slug":"here-are-five-key-takeaways-from-the-july-cpi-inflation-report","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=46226","title":{"rendered":"Here are five key takeaways from the July CPI inflation report"},"content":{"rendered":"

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East Northport, N.Y.: Customers shop the produce section at the Farmer’s Market in East Northport, New York on Aug. 4, 2026.<\/p>\n

Steve Pfost | Newsday | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Readings for July on the prices consumers pay for goods and services came in pretty much on target Wednesday, driving traders to lower odds for a September interest rate hike even though inflation remains well above the Federal Reserve’s 2% target.<\/p>\n

Here are five key takeaways from the Bureau of Labor Statistics report:<\/p>\n

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  1. Right on target<\/strong>: The consumer price index<\/a> rose 0.1% for the month, putting the annual rate at 3.4%. Respective core readings were 0.2% and 2.5%. Both numbers helped feed a narrative that while inflation is still a problem, it seems less so after two consecutive months of benign readings.<\/li>\n
  2. Gassing up for August<\/strong>: But hold on a minute. Both the June and July moderations came largely because of easing in the CPI energy index<\/a>, which is down 7% from its May historical peak. Crude oil<\/a>