Inflation Holds Steady At 2.7% In Jul., Lower Than Expected
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Core CPI accelerates to 3.1% Y/Y in July, highest print since February
The core Consumer Price Index picked up to 3.1% Y/Y in July, its highest level since February, exceeding the 3.0% consensus and the +2.9% pace in June, according to data released by the Bureau of Labor Statistics on Tuesday.
July’s Consumer Price Index report showed an acceleration in “core” prices that strip out volatile food and energy items.
(Bloomberg) -- Here are the key takeaways from the July US consumer price index report, released Tuesday:
Inflation held steady in July as tariffs threatened to drive prices higher, CPI report reveals. But an underlying inflation measure picked up
The July CPI report shows that tariffs are having a slight impact on inflation, though not enough to keep the Fed from cutting interest rates.
The consumer-price index is due out on Tuesday morning, offering the latest insight into how President Trump's tariff policies are feeding into price pressures. Here's what to know: Prices likely rose 2.
U.S. stocks finished sharply higher on Tuesday, with the S&P 500 and Nasdaq Composite booking fresh records after [the July consumer-price index](