July 2026 US CPI release: prices increased 0.1% MoM, 3.4% YoY

https://www.bls.gov/news.release/cpi.nr0.htm

The headline index had decreased by 0.4% MoM, and increased by 3.5% YoY the prior month, in June.

Consensus forecast was for 0.1% MoM, 3.4% YoY, so actual figures matched expectations.

Core CPI (all items less food and energy) increased 0.2% MoM, 2.5% YoY in June, compared with 0.0% MoM, 2.6% YoY the month prior, in June.

Consensus forecast for core CPI was 0.2% MoM, 2.5% YoY, so actual figures for core CPI also matched expectations.

FRED graph of YoY change in headline and core CPI: https://fred.stlouisfed.org/graph/?g=1UBM0

FRED graph of MoM change in headline and core CPI: https://fred.stlouisfed.org/graph/?g=1UBM5