The Consumer Price Index (CPI) for July in the United States experienced an increase of 2.7%, which was lower than many analysts and economists had anticipated. However, the core inflation rate, which excludes volatile items such as food and energy, rose to 3.1%. This higher-than-expected core rate has led to disappointment among investors and policymakers, as it suggests that underlying inflationary pressures in the economy remain more persistent than desired.
source: https://www.coindesk.com/markets/2025/08/12/u-s-july-cpi-rose-softer-than-hoped-2-7-but-core-rate-of-3-1-disappoints