{
  "id": 3528105,
  "title": "Inflation is still too high, July data shows",
  "url": "https://urgent.news/2026/08/26/inflation-is-still-too-high-july-data-shows",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T14:51:39.000Z",
  "source": {
    "name": "CBS News",
    "slug": "cbs-news",
    "url": "https://www.cbsnews.com/video/july-inflation-index-shows/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The US inflation rate, as measured by the personal consumption expenditures (PCE) price index, remained unchanged in July. According to the Commerce Department, the PCE price index rose 3.7 percent from a year ago, steady from the previous month, and increased 0.2 percent over the last month.\n\nThe inflation rate is higher than the Federal Reserve's target of 2 percent, and it has been above this target for over five years. Energy prices have contributed to the high inflation rate due to the ongoing conflict in the Middle East, as reported by RTHK News - Finance.\n\nThe Federal Reserve's preferred gauge of inflation, the PCE price index, rose 0.2 percent month-on-month in July, and 3.3 percent year-on-year, excluding energy and food, according to Investing.com. The inflation data may influence the Federal Reserve's decision on interest rates at its next meeting in September.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "Seeking Alpha News",
        "title": "Core PCE inflation rises as expected in July, headline PCE accelerates",
        "url": "https://urgent.news/2026/08/26/core-pce-inflation-rises-as-expected-in-july-headline-pce-accelerates",
        "published": "2026-08-26T12:32:30.000Z"
      },
      {
        "outlet": "CNBC World",
        "title": "Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July",
        "url": "https://urgent.news/2026/08/26/feds-preferred-inflation-gauge-shows-core-prices-rose-3-3-annually-in",
        "published": "2026-08-26T12:35:22.000Z"
      },
      {
        "outlet": "The Hill",
        "title": "Fed’s preferred inflation gauge remains flat at 3.7 percent in July",
        "url": "https://urgent.news/2026/08/26/feds-preferred-inflation-gauge-remains-flat-at-3-7-percent-in-july",
        "published": "2026-08-26T12:44:26.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "The Fed's favorite inflation gauge posted a slight upside surprise in July",
        "url": "https://urgent.news/2026/08/26/the-feds-favorite-inflation-gauge-posted-a-slight-upside-surprise-in",
        "published": "2026-08-26T12:50:26.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Fed’s preferred inflation index matches prior month on annualized basis in July",
        "url": "https://urgent.news/2026/08/26/feds-preferred-inflation-index-matches-prior-month-on-annualized",
        "published": "2026-08-26T13:09:46.000Z"
      },
      {
        "outlet": "CBS News",
        "title": "July PCE inflation index held at 3.7% annual pace, hotter than expected",
        "url": "https://urgent.news/2026/08/26/july-pce-inflation-index-held-at-3-7-annual-pace-hotter-than-expected",
        "published": "2026-08-26T13:17:29.000Z"
      },
      {
        "outlet": "RTHK News - Finance",
        "title": "US Fed's preferred inflation gauge unchanged in July",
        "url": "https://urgent.news/2026/08/26/us-feds-preferred-inflation-gauge-unchanged-in-july",
        "published": "2026-08-26T14:07:51.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}