CPI Report: Annual Inflation Rate Comes In At 3.4% In July, In Line With Expectations As Energy Prices Ease
The consumer price index rose 0.1% in July on a seasonally adjusted basis, after falling 0.4% in June. Core CPI, which excludes food and energy, showed a 0.2% increase in July, in line with expectations. Easing energy costs led the decline in headline prices, with the energy index down 1.5% in July, following a 5.7% … Read more