Inflation Holds Steady At 2.7% In Jul., Lower Than Expected
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July’s Consumer Price Index report showed an acceleration in “core” prices that strip out volatile food and energy items.
Markets ended the week largely unfazed by a hotter wholesale inflation print and signs of firming consumer prices, but some economists warn the underlying story is more concerning than investors seem to believe.
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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.
Inflation held steady in July as tariffs threatened to drive prices higher, CPI report reveals. But an underlying inflation measure picked up
(Bloomberg) -- Here are the key takeaways from the July US consumer price index report, released Tuesday:
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](