Fed’s preferred inflation gauge remains flat at 3.7 percent in July

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Today's Top Stories - August 26, 2026

Today's Top Stories - August 26, 2026

The Federal Reserve’s preferred measure of inflation remained flat in July, according to data from the Bureau of Economic Analysis released Wednesday. 

The personal consumption expenditures (PCE) price index ticked up 0.2 percent last month, rising 3.7 percent compared to the same time last year. Excluding more volatile food and energy prices, inflation rose 3.3 percent year-over-year in July. 

This was in line with June’s numbers, which also saw annual inflation come in at 3.7 percent year-over-year. 

Another measure of inflation, known as the consumer price index (CPI), eased slightly in July. The data, released by the Bureau of Labor Statistics in mid-August, found that prices ticked up 0.1 percent last month, while the annual inflation rate dipped to 3.4 percent........

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