The US core consumer price index, which excludes food and energy costs, increased 0.3% in July, its strongest pace this year. This aligns with economists’ forecasts and suggests Federal Reserve officials may lower interest rates next month, as the cost of tariff-exposed goods rose less than expected.
Source: https://www.bloomberg.com/news/articles/2025-08-12/us-core-cpi-picks-up-to-fastest-pace-since-january-on-services