CPI inflation cools in July as shelter rises 0.1%
July CPI rose 0.1% and annual inflation eased to 3.4%, as shelter rose 0.1% and core inflation increased 0.2%.
July CPI rose 0.1% and annual inflation eased to 3.4%, as shelter rose 0.1% and core inflation increased 0.2%.
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Why it matters
July's CPI inflation cooling to 3.4% with a modest shelter increase is a key monetary-policy signal that influences Fed rate expectations and credit-market conditions.
Sources
HousingWire
CPI inflation cools in July as shelter rises 0.1%
July CPI rose 0.1% and annual inflation eased to 3.4%, as shelter rose 0.1% and core inflation increased 0.2%.