New Delhi, Aug. 12 -- US consumer inflation moderated to 3.4 per cent year-on-year in July 2026 from 3.5 per cent in June, primarily as a decline in energy prices helped offset continued price increases in shelter and food, according to data released by the US Bureau of Labor Statistics on Wednesday.

On a month-on-month basis, the Consumer Price Index (CPI) for all urban consumers rose 0.1 per cent in July, reversing a 0.4 per cent decline in June. The shelter index increased 0.1 per cent and accounted for roughly two-thirds of the monthly increase, while food prices also rose 0.1 per cent.

The moderation in annual inflation was supported by the decline in energy prices during July. The energy index fell 1.5 per cent month-on-month, whi...