Inflation Holds Steady At 2.7% In Jul., Lower Than Expected
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Inflation held steady in July as tariffs threatened to drive prices higher, CPI report reveals. But an underlying inflation measure picked up
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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.
(Bloomberg) -- Here are the key takeaways from the July US consumer price index report, released Tuesday:
July’s Consumer Price Index report showed an acceleration in “core” prices that strip out volatile food and energy items.
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.
Chicago Fed President Austan Goolsbee called a jump in the prices of some services “the most concerning thing” in Tuesday’s consumer-price index report for July. Policymakers should “reserve judgment” until other reports,
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](
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CPI report: Core inflation rises by most in six months, stoking tariff-driven price concerns
Inflation ticked higher in July as investors stay alert to how much President Trump’s tariffs are starting to affect consumer costs.