Inflation Was 3.4% in July, Down Slightly From the Previous Month

WSJ · August 12, 2026

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BLUESKY:NICKTIMIRAOS Free Most inflation forecasters see the core CPI rounding down to 0.2% in July. Given recent Fedspeak, the next few months of the core PCE inflation measure could be important in determining whether policymakers maintain their forecast of disinflation to resume with the Fed rate steady.

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