# US inflation cools as weak jobs complicate September Fed decision 2026-08-13T10:06:12+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 2 independent outlets US wholesale inflation eased in July, with annual producer-price growth slowing to 4.7% from 5.5% in June, The Economic Times reports. Wholesale prices were flat during the month, while core inflation fell to 4.2% from 4.7%. Gas prices reversed part of their Iran war-related rise, though a later increase could lift August figures. Consumer prices also cooled modestly, but have outpaced wages for four months, putting pressure on rent, utilities and other essentials. At the same time, the US economy lost 23,000 jobs in July, and average monthly hiring over the past three months fell to about 20,000. Boston Fed president Susan Collins told the Financial Times that lower and moderate-income families were struggling with everyday costs. She backed holding rates in July but left open a September increase if inflation stays too high. Three Fed presidents supported a July hike. ## Coverage - english.mathrubhumi.com - economictimes.indiatimes.com Tags: energy prices, Federal Reserve, household costs, inflation, job market, US economy Canonical: https://indianopinion.org/us-families-squeezed-as-inflation-jobs-slowdown-persist/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/us-families-squeezed-as-inflation-jobs-slowdown-persist/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.