business
US annual inflation cooled to 3.4% in July as gas prices ease
Summary by The El Paso Editorial Desk CNN Newsource , as published by KVIA ABC-7
· August 12, 2026
· 1 min read
Photo: KVIA ABC-7 · view original
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Summary created by The El Paso Editorial Desk — automated, rule-governed Byline on source page CNN Newsource, as published by KVIA ABC-7 Original story Read at the source Source published Aug 12, 2026 Indexed here Aug 12, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key takeaway The latest data from the Bureau of Labor Statistics shows inflation cooled to 3.
Annual inflation in the US has slowed for the second consecutive month. 4% in July. This decrease is attributed to easing gas prices and a smaller increase in grocery store prices.
1% on a monthly basis, which is in line with expectations. While this may offer some relief to Americans affected by inflation, economists caution that this trend may not continue. Further details on the Consumer Price Index report are available from the Bureau of Labor Statistics.
Local residents can find more information on the report and its implications through news sources such as KVIA ABC-7.
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As published by KVIA ABC-7 . The El Paso surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KVIA ABC-7 . Have a tip or correction? Contact our newsroom .
Category: business Published: August 12, 2026 Source: KVIA ABC-7 Reading time: 1 min
Frequently asked about this story
What is this story about? Annual inflation in the US has slowed for the second consecutive month. The latest data from the Bureau of Labor Statistics shows inflation cooled to 3.4% in July. This decrease is attributed to…
When was this published? This article was first published on August 12, 2026 by KVIA ABC-7 and curated for The El Paso readers.
Who reported this story? This story was reported by CNN Newsource at KVIA ABC-7. To learn more about how The El Paso selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The El Paso, or browse our daily briefing and topic hubs .
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