{
  "id": 691927,
  "title": "US inflation cooled slightly to 3.4% in July but prices still elevated",
  "url": "https://urgent.news/2026/08/12/us-inflation-cooled-slightly-to-3-4-in-july-but-prices-still-elevated",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T12:39:46.000Z",
  "source": {
    "name": "The Guardian US",
    "slug": "the-guardian-us",
    "url": "https://www.theguardian.com/business/2026/aug/12/inflation-data-july"
  },
  "original_language": "en",
  "account": null,
  "summary": "Energy is cheaper than at its peak in late April, but gas is still nearly $1 a gallon more expensive than before the Iran war US consumer prices cooled slightly in July as the annualized inflation rate dipped down to 3.4%, though prices still remain higher than levels seen before the war with Iran. Though inflation decreased 0.7 percentage points in June during a brief ceasefire between the US…",
  "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."
}