US annual inflation cooled to 3.4% in July
- Posted on August 12, 2026
- By CNN
- 4 Views
- 1 min read
In brief
The U.S. inflation rate demonstrates a significant downward trend, settling at 3.4% year-over-year in July according to the latest Bureau of Labor Statistics report. This marks the second consecutive month of deceleration in price growth, with particularly notable relief in energy costs at gas pumps. The sustained cooling of inflation suggests potential shifts in Federal Reserve monetary policy discussions and offers encouraging signs for consumer purchasing power amid broader economic uncertainty.
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US annual inflation cooled to 3.4% in July
Annual inflation slowed for the second month in a row, cooling to 3.4% in July as prices at the pump delivered less of a bite, according to new data released Wednesday by the Bureau of Labor Statistics.
