Inflation, Consumer Price Index
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The Consumer Price Index rose slightly less than expected in July annually as tariffs showed only a slight influence on prices. Tariffs didn't give much boost.
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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.
The Producer Price Index (PPI) for final demand rose 0.9% in July, marking its largest monthly increase since early 2022. The annual PPI increase r
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.
(Bloomberg) -- Here are the key takeaways from the July US consumer price index report, released Tuesday:
According to the Bureau of Labor Statistics, U.S. consumer prices rose 2.7% in July compared with a year earlier, matching the annual pace recorded in June. So, what does this mean
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Consumer prices rose 2.7% in July. See how your grocery item prices have changed over the past year
The Consumer Price Index in July rose 2.7% year-over-year, and so did grocery prices, which have gotten more expensive compared to the previous year. This index measures the average change over time in the prices paid by urban consumers for consumer goods and services.
The July index for bread was 241.2, up 0.4% from June and up 1.3% from a year ago. Under this heading, the CPI for white bread was 431.6, down 0.1% from June but up 0.5% from July 2024. For bread other than white, the index was 475.6, up 1.2% from June and up 2.3% from a year ago.
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.