U.S. Goods Inflation Lower than Other Countries

Summary

The White House reports that overall inflation in the United States has eased, with the headline Consumer Price Index rising at a 1.9% annualized rate from January through July 2025. While core goods inflation (excluding food and energy) has increased modestly, this has been offset by a decline in services inflation. Contrary to some claims, the rise in goods inflation is a global trend, and U.S. core goods inflation remains low at 1.2% over the past 12 months and 1.1% annualized since January. The report highlights that U.S. goods prices have increased less than expected compared to other countries, indicating a relatively favorable inflation performance.