The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in July on a seasonally adjusted basis

BLS

“The Biden administration on Tuesday got some much-needed good news on inflation: Online consumer prices dropped in July — the first time in more than two years that’s happened.” https://t.co/KKIVX9fK27

— Josh Kraushaar (@JoshKraushaar) August 10, 2022