Core goods prices climbed 0.2% month-over-month in July 2026, marking the most significant increase in that category since September 2025, after months of stagnation or decline. Core CPI also rose 0.2% on the month and came in at 2.5% year-over-year, matching forecasts and sitting near the Federal Reserve’s 2% target. Headline CPI, however, limited its gain to just 0.1% as sustained declines in energy prices offset the firmer goods-side reading. This shift ends the disinflationary trend in core goods and could influence the Fed’s monetary policy decisions heading into fall.
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