Inflation cooled last month July 14, 2026 LIKE MANY consumers, Federal Reserve Bank Chairman Kevin Warsh is worried about inflation across the economy. (File Photograph) By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Inflation likely cooled last month as gas prices declined, providing consumers with some welcome relief even as renewed combat with Iran has sent oil prices climbing again.… We have switched to a subscription model for online access. Please purchase an Online Subscription in order to view this content.Subscribe Now! URL has been copied successfully!