Happening now, he has been nominated to lead the agency he's been a harsh critic of, the latest on President Trump's pick for the key jobs data bureau head.

His experience, his comments about the agency and why his nomination is feeling concerns about future jobs reports.

Plus, an exploding megafire, the largest wildfire in California this year, is now

120,000 acres and growing. Welcome to our viewers here in the United States and around the

world. I'm Wolf Blitzer with Pamela Brown, and you're in the situation room.

Happening now, a brand new measure of inflation and how far you can stretch your dollar. This morning's new numbers deliver some good news.

Inflation did not rise as much as expected last month. The consumer price

index held steady at 2.7 percent. That's compared to last July. And it's the same inflation

rate as the month before. That's going to see it in business and politics correspondent.

Vanessa, what does this new CPI number tell us?

Well, it shows us that inflation really held steady amidst these historic tariff levels that we

have not seen since the 1930s. As you mentioned, Wolf, on an annual basis in July,

inflation up 2.7 percent, and on a monthly basis, inflation up 0.2%. That's really a mirror image to what we saw

in the previous month of June. Now, when we look at key categories that we track regularly,

energy, food, and shelter. Take a look what happened here. Energy was down 1.1% led because gas prices fell by 2.2%.

Food, flat.

So prices, the grocery store actually came down by 0.1% and then shelter.

That's what we pay for rent.

We saw an increase there.

That's the biggest share of this report up 0.2%.

But when we look at core inflation, we can see where the tariffs,

where the price increases are starting to take effect. It was hotter than expected and the highest

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