Massive downward revisions in July's jobs report last week fueled concerns that the labor market is softening too quickly, strengthening the case for rate cuts. But the hotter-than-anticipated inflation data could suggest the need for more restraint.

While the overall reading on consumer prices was steady, a measure excluding food and energy categories rose to 3.1%.

Producer prices in July rose faster than forecast across the board, giving investors and the Federal Reserve an inflation surprise just over a week out from Fed Chair Jay Powell's crucial Jackson Hole speech.

The stock markets were unanimously pleased with the latest CPI inflation print. Check out my key takeaways from the latest CPI inflation report.

July’s Consumer Price Index report showed an acceleration in “core” prices that strip out volatile food and energy items.

The Producer Price Index saw its biggest monthly gain since June 2022, the Bureau of Labor Statistics said Thursday.

The annual inflation rate held steady in July as President Donald Trump's tariffs had less of an impact on some consumer prices than forecasters expected, but the details had a few devils as the key "core" inflation gauge accelerated.

The July Consumer Price Index rose 0.2% for the month and 2.7% year over year, with core inflation up 3.1%. On Morning Joe, Andrew Ross Sorkin said markets are taking the report in stride, noting the bigger focus is a new delay in the China tariff deadline.

The producer price index for July suggests companies may be feeling the sting of inflation and consumers could be next.

Japan's core inflation rate in July likely slowed from the previous month but remained above the Bank of Japan's 2% target, a Reuters poll showed, adding to pressure on the central bank to raise interest rates.