{"id":8026,"date":"2026-08-12T15:40:13","date_gmt":"2026-08-12T15:40:13","guid":{"rendered":"https:\/\/bestusamoverss.com\/?p=8026"},"modified":"2026-08-12T15:40:13","modified_gmt":"2026-08-12T15:40:13","slug":"inflation-eases-in-july-as-gasoline-and-grocery-prices-fall","status":"publish","type":"post","link":"https:\/\/bestusamoverss.com\/?p=8026","title":{"rendered":"Inflation eases in July as gasoline and grocery prices fall"},"content":{"rendered":"
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Inflation cooled a bit last month as gasoline and grocery prices fell. <\/p>\n

Consumer prices in July were up 3.4% from a year ago, according to a report Wednesday from the Labor Department. That’s a smaller annual increase than in May or June. <\/p>\n

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Prices rose just 0.1% between June and July, after falling 0.4% between May and June. Rising rents and airfares last month were partially offset by falling prices for gasoline and groceries.<\/p>\n

Lettuce prices plunged more than 16% in July after an outbreak of food-borne illness prompted a recall of iceberg lettuce from Mexico. Retailers offered deep discounts on other lettuce varieties in hopes of wooing anxious shoppers. <\/p>\n

Gasoline prices also dropped in July, although the average price of regular gas is still more than a dollar a gallon higher than before the war with Iran snarled tanker traffic in the Strait of Hormuz, according to AAA. <\/p>\n

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Stripping out volatile food and energy prices, “core inflation” was 2.5% for the 12 months ending in July. That’s down from 2.6% in June. Easing inflation will be welcome news for the Federal Reserve, which has promised to bring price hikes under control. <\/p>\n

Investors think the relatively tame inflation report will make it less likely the central bank feels the need to raise interest rates when policymakers meet next month.<\/p>\n

Market odds of a September rate hike fell to about 40% after Wednesday’s cost-of-living report, although there will be another inflation report before policymakers gather again next month.<\/p>\n

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Consumer prices in July were up 3.4% from a year ago \u2014 a smaller annual increase than in May or June. The news makes it less likely the Fed will feel the need to raise interest rates in September. <\/p>\n","protected":false},"author":1,"featured_media":8025,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-8026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"\nInflation eases in July as gasoline and grocery prices fall - Best USA Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bestusamoverss.com\/?p=8026\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inflation eases in July as gasoline and grocery prices fall - Best USA Movers\" \/>\n<meta property=\"og:description\" content=\"Consumer prices in July were up 3.4% from a year ago \u2014 a smaller annual increase than in May or June. 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