# US Inflation Cools Slightly to 3.4% in July, Easing Price Pressures

New government data shows US consumer prices rose at a 3.4% annual rate in July, a modest slowdown from the previous month. The slight cooling comes amid renewed Iran conflict and global market uncertainty, and gives the Federal Reserve more room to weigh its next interest-rate decision.

**Importance:** 3/5

## Sources

### Business
- [Washington Post Biz](https://www.washingtonpost.com/business/2026/08/12/annual-inflation-cooled-slightly-july-despite-renewed-iran-conflict/) — Wed, 12 Aug 2026 12:48:57 +0000
- [The Guardian Biz](https://www.theguardian.com/business/2026/aug/12/inflation-data-july) — Wed, 12 Aug 2026 12:39:46 GMT