US Core Inflation Comes in Subdued, Easing Pressure on Fed
US Core Inflation
Covered by 5 sources
- Business Today IN·9h agoUS core inflation comes in subdued, easing pressure on Fed: Report
The consumer price index excluding food and energy rose 0.2% in July from the previous month, according to data from the Bureau of Labor Statistics released on Wednesday. On an annual basis, core CPI increased 2.5%, matching its slowest pace since March 2021.
Read at Business Today IN → - NYT Business·10h agoInflation Eased Slightly in July but Prices Remain Elevated as War Drags On
Though energy prices fell last month after their spring surge, other factors pushed up costs as the Fed considers raising interest rates.
Read at NYT Business → - NPR News Now·12h agoInflation eases in July as gasoline and grocery prices fall
Consumer prices in July were up 3.4% from a year ago — a smaller annual increase than in May or June. The news makes it less likely the Fed will feel the need to raise interest rates in September.
Read at NPR News Now → - BBC World·13h agoUS inflation eases as food costs cool
Annual US inflation dipped to 3.4% in July, with food costs slowing and housing keeping prices slightly higher.
Read at BBC World → - Bloomberg Economics·13h agoUS Core Inflation Comes in Subdued, Easing Pressure on Fed
Underlying US inflation was subdued in July, likely easing pressure on the Federal Reserve to raise interest rates.
Read at Bloomberg Economics →
