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.
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