Consumer Price Index increased 2.7% year-over-year, matching June and coming in softer than economist expectations of a 2.8% rise

🚨CNN is being forced to read President Trump’s inflation numbers — They’re FLOORED.

“Energy fell...because of gas prices falling in the month of July. Look at that food! Flat 0%, and actually DOWN at the grocery store." pic.twitter.com/Za8dV9KtT1

— Townhall.com (@townhallcom) August 12, 2025

Note they said gas prices fell in July. Gas prices usually GO UP during the summer.

... the Consumer Price Index (CPI) increased 2.7% year-over-year, matching June and coming in softer than economist expectations of a 2.8% rise.

After the inflation report's release, bets jumped on a Fed rate cut in September. Around 94% of traders expect that outcome, according to the CME Group.