{
  "id": 632281,
  "title": "July inflation report to provide crucial signs of where prices are headed",
  "url": "https://urgent.news/2026/08/12/july-inflation-report-to-provide-crucial-signs-of-where-prices-are-632281",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T04:23:02.000Z",
  "source": {
    "name": "Associated Press",
    "slug": "associated-press",
    "url": "https://apnews.com/article/consumer-prices-inflation-fed-interest-rates-150e179a6c6b3182ba05cedf0188394b"
  },
  "original_language": "en",
  "account": "The upcoming July inflation report is anticipated to shed light on the future trajectory of prices in the United States. This report will be of great interest to the Federal Reserve, which is striving to combat inflation, and to Republican candidates running for office during the upcoming midterm elections. Consumers, too, remain concerned about the high prices they are paying for groceries and other necessities.\n\nSince early last year, inflation has been a persistent issue in the United States, driven by tariffs on imported goods. In recent months, however, the escalation of the Iran war has further exacerbated inflation, driven up the costs of oil and gas, and pushed prices to their highest level in three years. Additionally, the rapid expansion of artificial intelligence technology has resulted in higher prices for computer chips and electronic equipment, further contributing to inflationary pressures.\n\nAccording to a survey of economists conducted by data provider FactSet, consumer prices are expected to have risen by 3.4% in July compared to the previous year. This is a slight decrease from the 3.5% increase witnessed in June and marks a decline from the peak inflation rate of 4.2% recorded in May. On a monthly basis, prices are projected to have increased by only 0.1% from June to July, following a decrease in gas prices during the same period.\n\nWhen food and energy costs are excluded from the analysis, core inflation is anticipated to have moderated for the second consecutive month, settling at 2.5% in July, down from 2.6% in June. The Federal Reserve closely monitors core prices and considers them an important indicator of underlying inflation trends. On a monthly basis, core prices are expected to have increased by 0.2% from June to July.\n\nOne of the main factors contributing to the recent cooling of inflation has been the decline in gas prices, following the conclusion of a cease-fire in the U.S.-Iran conflict. The lower gas prices have helped to bring down the inflation numbers reported last month. However, gas prices have again risen in late July and early August, indicating that inflation could potentially rise again when the figures for August are released next month. This uncertainty surrounding future inflation trends adds an element of unpredictability to the situation.",
  "summary": "WASHINGTON (AP) — Is U.S. inflation stuck at a stubbornly high level or is it steadily cooling? The government’s latest report on consumer prices, to be released Wednesday, should provide some hints. It will be closely watched by the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}