The Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers increased 2.9 percent from July 2023 to July 2024, matching the claim’s wording and timeframe.
True
The Bureau of Labor Statistics reported that the Consumer Price Index rose 2.9 percent over the 12 months ending July 2024.
The Consumer Price Index rose 2.7 percent for the 12 months ending June 2025 : The Economics Daily : U.S. Bureau of Labor Statistics
Source: bls.gov
At a glance
Verified September 2, 2026Key Evidence
The Bureau of Labor Statistics’ Economics Daily entry records a 2.9 percent increase in consumer prices from July 2023 to July 2024.
The CNBC report published August 14, 2024, independently described the July 2024 annual CPI increase as 2.9 percent and attributed the figure to the Bureau of Labor Statistics.
The September 2024 Bureau of Labor Statistics entry reports the subsequent August 2024 annual increase as 2.5 percent, which does not contradict the July 2024 figure because it covers a different month.
The reporting
What the Evidence Shows
The Bureau of Labor Statistics directly reported that the Consumer Price Index for All Urban Consumers rose 2.9 percent over the 12 months from July 2023 through July 2024. The claim accurately identifies both the measured index and the 12-month comparison period.bls.govbls.govConsumer prices up 2.9 percent from July 2023 to July 2024 : The Economics Daily...
Primary trail
Verified Sources9
Open source