Inflation cooled last month as gas prices fell, though costs remain elevated
Prices rose less in July than in June, driven partly by falling gas prices, though overall costs remain high. Consumer spending has also slowed during this period. The impact of higher oil and gas prices appears limited so far.
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National story. 113 articles from 59 sources. 57 are on the bar; 2 are international, entertainment or tech outlets, listed separately. Updated Aug 15, 2026.
Part of The US-Iran war: oil prices, gas prices and the market fallout
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16 sourcesAmerica In Focus: Inflation cools in July, but so do consumers with their spending
Inflation eased slightly in July, but prices remain elevated as war drags on
Inflation eased slightly in July but prices remain elevated as war drags on
Center
28 sourcesInflation eased in July, but voters still rank prices No. 1
Right
13 sourcesInflation slows but prices remain elevated as Iran war and spending on AI push up prices
Other outlets
International, entertainment and tech outlets, by their rating. Not counted in the bar above. How we count coverage
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2 articlesUS consumer inflation slows in July as energy prices briefly retreat
US inflation cooled slightly to 3.4% in July but prices still elevated
Center
0 articlesNone
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0 articlesNone
The story so far
2 developments- Aug 12Inflation cooled last month as gas prices fell, though costs remain elevated
- Aug 12Inflation eased slightly to 3.4% in July, but energy prices are still high
Who covered each development
No new developments
Quiet for 66 daysLast development · Aug 12 — Inflation eased slightly to 3.4% in July, but energy prices are still high