U.S. Inflation Rate at ‘Zero’ — for One Month

Posted on AllSides August 17th, 2022
From The Center
FACT CHECK

For the month of July, the Consumer Price Index for All Urban Customers was unchanged from June. This has triggered a war of words between Democrats, who crow about “zero percent inflation” for July, and Republicans, who say the Democrats are now trying to “deny there’s inflation.”

Both have a point. Inflation did not increase in July, and that may (or may not) be a sign that inflation has peaked or is close to peaking. But inflation remained elevated. The overall inflation rate for the past 12 months is 8.5% — a...

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