Research conducted by Perplexity AI using the following sources:

• US consumer inflation mild in July, economy still not out of the woods
• Consumer Price Index Summary - 2026 M07 Results
• Consumer prices up 3.4 over the year in July 2026
• CPI inflation report July 2026: Prices rose 0.1% , annual rate 3.4%
• US CPI Report July 2026: Live News on Inflation ...