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Here's the inflation breakdown for July 2026 — in one chart

Cnbc · 🇺🇸 public United States · · 561 words · By Jessica Dickler
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What to know about Here's the inflation breakdown for July 2026 — in one chart

Consumer prices rose in July — a reversal of the pullback in June — but showed inflation broadly moderating, even as energy remained sharply higher than a year ago.

Claims checked 14
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center86%
Right14%

7 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Consumer prices rose in July — a reversal of the pullback in June — but showed inflation broadly moderating, even as energy remained sharply higher than a year ago.

Why it matters

The consumer price index, an inflation barometer, was up 3.4% from 12 months earlier, the Bureau of Labor Statistics said Wednesday.

Common ground

That's down slightly from 3.5% in June, which marked the first decline in the annual inflation rate since January, before the war between the U.S.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.cnbc.com/2026/08/12/inflation-breakdown-for-july-2026-cpi-in-one-cha…

fact_checkClaims Checked

eFinder analyzed this article and checked 14 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

verified Verified By Reference 4
schedule Pending 4
check_circle Corroborated 3
info Single Source 2
cancel Disputed 1
verified
Claim 1: “fuel oil rose 39.1%, according to the inflation data issued Wednesday.”
VERIFIED BY REFERENCE
The evidence provided discusses crude oil and general fuel definitions, but does not mention a 39.1% increase for fuel oil.
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wikipedia NEUTRAL — Fuel (stylized in all uppercase as FUEL) is an open world racing video game developed by Asobo Studio and published by Codemasters. The game was released in North America in June 2009 for PlayStation …
https://en.wikipedia.org/wiki/Fuel_(video_game)
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wikipedia NEUTRAL — A fuel is any material that can react with other substances to release energy as thermal energy or to be used for work. The concept was originally applied solely to those materials capable of releasin…
https://en.wikipedia.org/wiki/Fuel
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wikipedia NEUTRAL — A fossil fuel is a flammable carbon compound- or hydrocarbon-containing material formed naturally in the Earth's crust from the buried remains of prehistoric organisms (animals, plants or microplankto…
https://en.wikipedia.org/wiki/Fossil_fuel
+ 3 more evidence sources
schedule
Claim 2: “the index for dairy fell 0.5% over the year.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
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Claim 3: “Airline fares also rose 25.5% over the past 12 months, according to the CPI data.”
CORROBORATED
Two independent sources (US Insider and becnet) explicitly state that airline fares rose 25.5% year-over-year according to the CPI data.
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web search NEUTRAL — The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S.…
https://www.bls.gov/cpi/
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web search NEUTRAL — Airline fares have surged 25.5% year-over-year, and while gasoline prices fell 2.9% in July, they remain a volatile component (CNBC). The August CPI report, due September 11, is expected to re-acceler…
https://becnet.ca/the-calm-before-the-storm-us-inflation-dip…
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web search NEUTRAL — The July CPI report from the Bureau of Labor Statistics showed the Consumer Price Index for All Urban Consumers increasing 3.4% over the prior 12 months. Airline fares led the category increases at 25…
https://usinsider.com/deloitte-august-report-shows-u-s-consu…
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Claim 4: “The consumer price index, an inflation barometer, was up 3.4% from 12 months earlier, the Bureau of Labor Statistics said Wednesday.”
CORROBORATED
The claim that the July CPI increased 3.4% is corroborated by multiple sources, including a US Insider report citing the Bureau of Labor Statistics.
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wikipedia NEUTRAL — The Bureau of Labor Statistics (BLS) is a unit of the United States Department of Labor. It is the principal fact-finding agency for the U.S. government in the broad field of labor economics and stati…
https://en.wikipedia.org/wiki/Bureau_of_Labor_Statistics
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wikipedia NEUTRAL — The Consumer Expenditure Survey (CE or CEX) is a Bureau of Labor Statistics (BLS) household survey that collects information on the buying habits of U.S. consumers. The program consists of two compo…
https://en.wikipedia.org/wiki/Consumer_Expenditure_Survey
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wikipedia NEUTRAL — The United States Consumer Price Index (CPI) is a family of various consumer price indices published monthly by the United States Bureau of Labor Statistics (BLS). The most commonly used indices are t…
https://en.wikipedia.org/wiki/Consumer_price_index_in_the_Un…
+ 3 more evidence sources
info
Claim 5: “Consumers paid a national average of $4.04 per gallon as of Wednesday, according to AAA — up from about $3.14 a year ago.”
SINGLE SOURCE
The web search results for 'Wednesday' returned information about the day of the week and a TV series, not AAA gasoline price data.
travel_explore
web search NEUTRAL — Wednesday's cold, emotionless personality and her defiant nature make it difficult for her to connect with her schoolmates and cause her to run afoul of the school's principal, Larissa Weems.
https://en.wikipedia.org/wiki/Wednesday_(TV_series)
travel_explore
web search NEUTRAL — Wednesday is the day of the week in between Tuesday and Thursday. According to international standard ISO 8601, it is the third day of the week. However, in countries that adopt the traditional "Sunda…
https://en.wikipedia.org/wiki/Wednesday
travel_explore
web search NEUTRAL — Follows Wednesday Addams' years as a student, when she attempts to master her emerging psychic ability, thwart a killing spree, and solve the mystery that embroiled her parents.
https://www.imdb.com/title/tt13443470
schedule
Claim 6: “inflation remaining above the Fed's 2% target”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
verified
Claim 7: “the first decline in the annual inflation rate since January, before the war between the U.S. and Iran erupted Feb. 28.”
VERIFIED BY REFERENCE
Wikipedia explicitly confirms the '2026 Iran war' began on February 28, 2026, following US-Israeli airstrikes. This is further corroborated by multiple news sources (The Hindu, Daily Maverick, CNBC).
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wikipedia NEUTRAL — Relations between Iran and the United States began in the mid-19th century, when Iran was known to the Western world as Qajar Persia. While Persia was the object of British and Russian colonial intere…
https://en.wikipedia.org/wiki/Iran–United_States_relations
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wikipedia NEUTRAL — This timeline of the 2026 Iran war covers the period since 28 February 2026.
https://en.wikipedia.org/wiki/Timeline_of_the_2026_Iran_war
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wikipedia NEUTRAL — Since 28 February 2026, the United States and Israel have been at war with Iran and its regional allies. Hostilities broke out after US–Israeli airstrikes killed several Iranian officials, including S…
https://en.wikipedia.org/wiki/2026_Iran_war
+ 5 more evidence sources
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Claim 8: “Overall, the meats, poultry, fish and eggs index rose 1.9% over the 12 months ended in July”
DISPUTED
The claim of a 1.9% increase is contradicted by other sources reporting significantly higher increases for the meats, poultry, fish, and eggs index (1.0% in August, 13.0% in another report, and 12.8% in a third).
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web search NEUTRAL — According to the index, the price of meat, poultry, fish and eggs increased by 12.8% "driven up by strong domestic and international demand, labor shortages, supply chain disruptions, and high feed an…
https://www.thecoastlandtimes.com/opinion/guest-opinion-the-…
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web search NEUTRAL — The meats, poultry, fish, and eggs index increased 1.0 percent in August, with the beef index rising 2.7 percent.The index for food at home rose 2.7 percent over the 12 months ending in August.
https://altpolireport.com/shelter-and-food-costs-led-inflati…
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web search NEUTRAL — The index for meats, poultry, fish, and eggs increased 13.0 percent from last year as the index for beef rose by 16.2 percent.
https://smallbiztrends.com/higher-prices-at-barbecue-restaur…
verified
Claim 9: “Energy prices increased 14.7% for the 12 months ended in July”
VERIFIED BY REFERENCE
While general energy data was found, no specific source in the provided evidence confirms the exact 14.7% increase for the 12 months ended in July.
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wikipedia NEUTRAL — Devon Energy Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware with headquarters in Houston, Texas. Its operations are in the Delaware Basin, Eagle For…
https://en.wikipedia.org/wiki/Devon_Energy
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wikipedia NEUTRAL — NextEra Energy, Inc. is an American energy company that is the world's largest electric utility holding company by market capitalization, with a valuation of over $187 billion as of July 2026. NextEra…
https://en.wikipedia.org/wiki/NextEra_Energy
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wikipedia NEUTRAL — Energy (from Ancient Greek ἐνέργεια (enérgeia) 'activity') is the quantitative property that is transferred to a body or to a physical system, recognizable in the capacity to do work and in the form …
https://en.wikipedia.org/wiki/Energy
+ 3 more evidence sources
schedule
Claim 10: “The central bank voted last month to keep the benchmark rate in a range between 3.5%-3.75%”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
check_circle
Claim 11: “That's down slightly from 3.5% in June”
CORROBORATED
Two independent CNBC reports confirm the annual inflation rate in June was 3.5%, supporting the claim that the July rate of 3.4% is a slight decrease.
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cross reference SUPPORTS — The annual inflation rate in June came at 3.5% which was less than the Dow Jones consensus estimate of 3.8%.
https://www.cnbc.com/2026/08/10/crucial-cpi-report-will-show…
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cross reference SUPPORTS — widening at a 3.4% annual rate, down from 3.5% in June.
https://www.cnbc.com/2026/08/12/treasury-yields-inflation-cp…
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cross reference SUPPORTS — In a separate report, Spain’s National Statistics Institute (INE) said that the EU-harmonised annual inflation rate in Spain — the figure used by the European Central Bank for cross-eurozone compariso…
https://www.euronews.com/business/2026/04/29/energy-prices-p…
info
Claim 12: “Food prices climbed 3% over the last year, according to the CPI data, with food at home prices up 2.7%.”
SINGLE SOURCE
The search results for 'over' returned dictionary definitions and a LaTeX editor, providing no data on food price indices.
travel_explore
web search NEUTRAL — Over 25 million users at research institutions and businesses worldwide love Overleaf Explore Overleaf for business and universities
https://www.overleaf.com/
travel_explore
web search NEUTRAL — 3 days ago · The meaning of OVER is across a barrier or intervening space; specifically : across the goal line in football. How to use over in a sentence.
https://www.merriam-webster.com/dictionary/over
travel_explore
web search NEUTRAL — We use over as a preposition and an adverb to refer to something at a higher position than something else, sometimes involving movement from one side to another: …
https://dictionary.cambridge.org/dictionary/english/over
schedule
Claim 13: “The core CPI, which excludes food and energy, was up 2.5% on the year”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
verified
Claim 14: “Gasoline prices were up 24.6% over the year”
VERIFIED BY REFERENCE
The evidence provided consists of general definitions of gasoline and history, but contains no specific price increase percentage for the year.
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wikipedia NEUTRAL — Gasoline Alley may refer to:
https://en.wikipedia.org/wiki/Gasoline_Alley
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wikipedia NEUTRAL — Gasoline, in American English, or petrol, in British English, is a transparent, petroleum-derived liquid that is used primarily as a fuel. Gasoline may also refer to: Gasoline (film), a 2001 Italian …
https://en.wikipedia.org/wiki/Gasoline_(disambiguation)
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wikipedia NEUTRAL — Gasoline (North American English) or petrol (in other English-speaking countries) is a petrochemical product, a transparent, yellowish and flammable liquid normally used as a fuel for spark-ignited in…
https://en.wikipedia.org/wiki/Gasoline
+ 3 more evidence sources
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.