The core consumer price index, a key measure of inflation watched closely by the Federal Reserve, jumped to 3.1% in July, marking the largest gain in six months as companies grapple with President Donald Trump’s trade war.

The Consumer Price Index (CPI) rose 1.7% on a year-over-year basis in July, down from a 1.9% increase in June. Prices for gasoline led the slowdown in the all-items CPI, falling 16.1% year over year in July,

July’s Consumer Price Index report showed an acceleration in “core” prices that strip out volatile food and energy items.

Inflation held steady in July as the headline figure for the Consumer Price Index was at 2.7% year-over-year, unchanged from June and lower than the expected 2.8% growth.

The CPI, a basket of goods and services typically bought by consumers, tracks the change in prices on everyday items such as food and apparel over time. So far this year, inflation has stayed at 3% or lower.

The Consumer Price Index (CPI) in the United States rose by 0.2% in July 2025, signaling a slowdown in inflation. This development, coupled with a 2.7% annual increase, presents a complex scenario for the Federal Reserve as it navigates economic policy amidst fluctuating market expectations.

The consumer price index for July indicated that inflation remained steady since June. NBC News' Brian Cheung and Investopedia's Editor-in-Chief Caleb Silver break down what consumer items saw the biggest price increases as tariffs come into effect.

The Bureau of Labor Statistics reported the July consumer price index which showed CPI inflation continued to rise as tariffs push prices higher for U.S. businesses and consumers.

The Consumer Price Index rose slightly less than expected in July annually as tariffs showed only a slight influence on prices. Tariffs didn't give much boost.

Massive downward revisions in July's jobs report last week fueled concerns that the labor market is softening too quickly, strengthening the case for rate cuts. But the hotter-than-anticipated inflation data could suggest the need for more restraint.

Chicago Fed President Austan Goolsbee called a jump in the prices of some services “the most concerning thing” in Tuesday’s consumer-price index report for July. Policymakers should “reserve judgment” until other reports,