The current inflation rate is just above 3%.
Posted by Bill O’Reilly’s No Spin News and Analysis, Checked
- Sources
- 3 support4 context
- Said
- 1 time·
- Confidence
- 60%
Bill O’Reilly’s No Spin News and AnalysisJul 30, 2026
As of the July 30, 2026 post date, the latest official readings were above 3%: June CPI was 3.5% and June PCE was 3.7%, so the claim's direction is right.
Our two reads agree a voice other than the host says this, not on which one. A guest makes this claim. Listeners heard it, so it counts against the post, and on the guest's own record.
This claim is about the present, so it is judged as of the day it was checked.
What was said
… Nine members voted in favor of maintaining the interest rates; three members supported a quarter point rate hike. Price of oil is still in the mid $80 range. Fed Chairman Kevin Warsh, who took over in May, says the goal is still to get inflation to 2%. We're just above 3% right now. Their next meeting is in September. A 16-year-old lifeguard in Santa Cruz, California, rescued a 10-year-old boy who was swept out in these waves. There's a video of this rescue. You have to watch it. It's unbelievable. …
Bill O’Reilly’s No Spin News and Analysis · · from the transcriptPost →What we found
Supports. The BLS reported that CPI inflation rose 3.5% over the year ending in June 2026, the latest official reading before the July 30 post date.[3]
Supports. Trading Economics, citing BLS data, reports the annual US inflation rate was 3.5% in June 2026, and Reuters reports PCE inflation at 3.7% for June, both above 3%.[1][4]
Context. Later readings were 3.4% for July CPI and 3.6-3.7% for September, so inflation stayed above 3% after the claim was made. Core inflation was lower, around 2.5-3.3% depending on the measure and revision.[2][5][6][7]
Context. The claim's "just above 3%" is looser than the record's 3.4-3.7% range across CPI and PCE measures, but the direction and rough magnitude hold and the imprecision does not reverse the claim.[1][3]
Sources
7 sources: 2 fact-checkers, 1 primary, 4 not rated
- 1US inflation remains elevated as GDP growth outlook brightensreuters.com · fact-checker · cited for: supports, context
- 2Strong growth and inflation paints mixed picture of ...apnews.com · fact-checker · cited for: context
- 3Consumer prices up 3.4 over the year in July 2026bls.gov · primary source · cited for: supports, context
- 4United States Consumer Price Index (CPI) - TRADING ECONOMICStradingeconomics.com · not rated · cited for: supports
- 5CPI inflation report July 2026cnbc.com · not rated · cited for: context
- 6US inflation heats up in September; consumer spending risesrmb.reuters.com · not rated · cited for: context
- 7PCE Inflation Report Thursday: Core Revised to 3.0%, Fed ...stocktitan.net · not rated · cited for: context
Where this claim was made
Said in 1 published post