# What the July 2026 CPI Tells Us About the Consumer

Page: https://stenobird.com/podcast/economic-indicators-with-fexingo-gdp-cpi-pmi-and-reading-the-macro-data-7871725/what-the-july-2026-cpi-tells-us-about-the-consumer
Text version: https://stenobird.com/podcast/economic-indicators-with-fexingo-gdp-cpi-pmi-and-reading-the-macro-data-7871725/what-the-july-2026-cpi-tells-us-about-the-consumer.md
Podcast: [Economic Indicators with Fexingo: GDP, CPI, PMI, and Reading the Macro Data](https://stenobird.com/podcast/economic-indicators-with-fexingo-gdp-cpi-pmi-and-reading-the-macro-data-7871725)
Published: 2026-07-16T06:03:09+00:00
Episode link: https://audio.fexingo.com/business/economic-indicators/episode-0117.mp3
Audio file: https://audio.fexingo.com/business/economic-indicators/episode-0117.mp3
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Duration seconds: 556

## Resource

Lucas and Luna dig into the latest CPI data released July 14, 2026, which showed consumer prices rising 3.5% annually, below expectations. They focus on the big story beneath the headline: energy prices fell sharply, but core services inflation remains stubborn. Using the Fed's Beige Book mention of a World Cup boost to bars and restaurants alongside consumer warning signs, they ask whether the soft-landing narrative is holding up. Specific numbers discussed include CPI at 332.6, core CPI at 336.1, and the 10-year breakeven rate at 2.23%. The hosts explore why the market rallied on the print and what it means for the Fed's next move. #CPI #Inflation #July2026CPI #CoreCPI #ServicesInflation #SoftLanding #FederalReserve #10YearBreakeven #ConsumerSpending #WorldCup #BeigeBook #EnergyPrices #EconomicData #FOMC #Disinflation #MacroEconomics #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

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