U.S. consumer price inflation data hits lowest level since pre-war times, reducing probability of interest rate hikes
2026-08-12 22:42:45
According to CoinMeta, the U.S. Consumer Price Index (CPI) had a year-on-year growth rate of 3.4% in July, down from 3.5% in June, marking the lowest level since before the war. In July, the CPI rose 0.1% month-over-month, in line with market expectations. Energy prices fell by 1.5% in July, while healthcare service prices increased by 0.4%. Additionally, the housing index rose by 0.1% in July, accounting for about two-thirds of the monthly increase in all items. Overall, today's report is in line with market expectations, indicating that inflation in the United States is gradually declining after reaching its peak in May, although this process may be uneven.
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Source:Internet
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