US Inflation Rate MoM Rebounds in August

The US inflation rate rose to 0.396% in August 2026, from 0.074% in July, according to the Federal Reserve Bank of St. Louis. This follows a decline in June, when the rate fell to -0.422%, the only negative reading in the recent series. The August print remains well below the all-time high of 1.964% recorded in September 1947, and above the all-time low of -1.771% from November 2008. Year-over-year, the CPI inflation rate stood at 3.365% for July 2026, while core inflation rose 0.29% month-over-month in August, according to the same source.