{"id":436087,"date":"2026-08-12T20:00:11","date_gmt":"2026-08-12T13:00:11","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-july-cpi-3-4-y-y-vs-3-4-expected-436087\/"},"modified":"2026-08-12T20:00:11","modified_gmt":"2026-08-12T13:00:11","slug":"us-july-cpi-3-4-y-y-vs-3-4-expected","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-july-cpi-3-4-y-y-vs-3-4-expected-436087\/","title":{"rendered":"US July CPI 3.4% y\/y vs 3.4% expected"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-june-cpi-3-5-vs-3-8-expected\/\" rel=\"follow\">Prior <\/a>was 3.5%<\/li>\n<li>CPI m\/m +0.1% vs +0.1% exp<\/li>\n<li>Prior CPI was -0.4%<\/li>\n<li>Unrounded vs -0.349% prior<\/li>\n<\/ul>\n<p>Core readings:<\/p>\n<ul>\n<li>Core y\/y 2.5% vs 2.5% expected<\/li>\n<li>Prior core was 2.6%<\/li>\n<li>Core m\/m +0.2% vs +0.2% expected<\/li>\n<li>Prior m\/m +0.0%<\/li>\n<li>Unrounded % m\/m vs -0.017% prior<\/li>\n<li>Core-CPI services ex-shelter m\/m % vs -0.089% prior<\/li>\n<li>Core goods % m\/m vs -0.086% m\/m prior<\/li>\n<\/ul>\n<p>Ahead of the report, the market was pricing in a 44% chance of a rate hike in September and 24.4 bps in hikes this year. USD\/JPY was trading at 159.04 ahead of the report.<\/p>\n<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\">Key sub-components:<\/p>\n<ul class=\"[li_&amp;amp;]:mb-0 [li_&amp;amp;]:mt-1 [li_&amp;amp;]:gap-1 [&amp;amp;:not(:last-child)_ul]:pb-1 [&amp;amp;:not(:last-child)_ol]:pb-1 list-disc flex flex-col gap-1 pl-8 mb-3\">\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Owners&#8217; equivalent rent: vs +0.24% prior<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Rent of primary residence: vs +0.15% prior<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Motor vehicle insurance: vs -2.0% prior<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Airfares: vs +0.2% prior<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Used cars: vs -0.2% prior<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Apparel: vs -0.6% prior<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Medical care: vs -0.1% prior<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Lodging away from home:\u00a0 vs-2.3% prior<\/li>\n<\/ul>\n<ul>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Energy m\/m: vs -5.7% prior<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Gasoline m\/m: vs -9.7% prior<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Shelter m\/m:\u00a0 vs+0.1% prior<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Food m\/m: vs +0.2% prior<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Real average hourly earnings vs +0.1% y\/y prior<\/li>\n<\/ul>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior was 3.5% CPI m\/m +0.1% vs +0.1% exp Prior CPI was -0.4% Unrounded vs -0.349% prior Core readings: Core y\/y 2.5% vs 2.5% expected Prior core was 2.6% Core m\/m +0.2%&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-436087","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=436087"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436087\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=436087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=436087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=436087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}