U.S. Consumer Prices Edge Up 0.1% in July; Annual Inflation Cools to 3.4%
The Consumer Price Index rose 0.1% in July, rebounding from a 0.4% decline in June, the U.S. Bureau of Labor Statistics reported. Over the past 12 months, the index increased 3.4%, down slightly from 3.5% in June. Shelter costs rose 0.1% in July, accounting for roughly…
The Consumer Price Index rose 0.1% in July, rebounding from a 0.4% decline in June, the U.S. Bureau of Labor Statistics reported. Over the past 12 months, the index increased 3.4%, down slightly from 3.5% in June. Shelter costs rose 0.1% in July, accounting for roughly…
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Why it matters
The July CPI data showing a modest 0.1% increase and a slight cooling in annual inflation to 3.4% is routine economic data that influences market expectations but does not represent a significant or novel development in credit markets.
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U.S. Consumer Prices Edge Up 0.1% in July; Annual Inflation Cools to 3.4%
The Consumer Price Index rose 0.1% in July, rebounding from a 0.4% decline in June, the U.S. Bureau of Labor Statistics reported. Over the past 12 months, the index increased 3.4%, down slightly from 3.5% in June. Shelter costs rose 0.1% in July, accounting for roughly…