July 2026 CPI report: Inflation remained stubborn
- Inflation as measured by the consumer price index rose 0.1% from June to July, the Bureau of Labor Statistics said Wednesday, showing that costs broadly remained elevated for consumers despite volatile energy prices.
- From a year ago, inflation dropped slightly to 3.4% from 3.5%.
- But in another troubling sign for consumers, that remains above the rate of wage growth, which as of last month was pacing at 3.2%, according to the BLS.
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- Inflation as measured by the consumer price index rose 0.1% from June to July, the Bureau of Labor Statistics said Wednesday, showing that costs broadly remained elevated for consumers despite volatile energy prices.
- From a year ago, inflation dropped slightly to 3.4% from 3.5%.
- But in another troubling sign for consumers, that remains above the rate of wage growth, which as of last month was pacing at 3.2%, according to the BLS.
Sources: NBC News