CPI report for July is out: What does latest data mean for the US

C onsumer prices rose a modest 2.9% in the 12 months through July, the Labor Department reported Wednesday in its consumer price index, an annual rate that suggests the historic …

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CPI Report For July Is Out: What Does Latest Data Mean For The US

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C onsumer prices rose a modest 2.9% in the 12 months through July, the Labor Department reported Wednesday in its consumer price index, an annual rate that suggests the historic …

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Here Are The Key Takeaways From The US CPI Report For July

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Aug 14, 2024 · The motor vehicle insurance index rose 1.2% in July following a 0.9% increase in June while the food basket rose 0.2% on-month. Energy, new vehicles, apparel and airfares …

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What Does The July CPI Report Mean For The Fed? - The Wall …

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Aug 10, 2023 · The latest CPI data didn't contain too many surprises. The consumer-price index rose 0.2% in July, in line with what economists expected. The data reaffirms what many …

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Housing Costs Drive Most Of Monthly Gains In US CPI

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Aug 14, 2024 · The core consumer price index — which excludes food and energy costs — increased 3.2% in July from a year ago, still the slowest pace since early 2021. The monthly …

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July CPI: What The Latest Consumer Price Index Report Tells Us …

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Aug 15, 2024 · For the first time in over three years, the latest Consumer Price Index (CPI) has fallen below 3%, marking a significant slowdown in inflation. The July CPI report showed a …

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CPI Report For July: Inflation Stays Mild, 2.9% Annual Pace Is Lowest ...

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The three-month annual rate of inflation based on the consumer price index slowed to 0.4% in July from 1.1% in the prior month and a recent high of 4.6% in the early spring.

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CPI Inflation Report: July Data Falls Below 3% For First Time Since ...

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Aug 15, 2024 · The Bureau of Labor Statistics released the July measure of the Consumer Price Index this morning. Here are today's data at a glance: YoY : 2.9% increase vs. 3% increase …

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CPI Highlights: Consumer Prices Rise 0.2% In July, Core Up 0.2%

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U.S. consumer price index rises 0.2% in July, matches forecast Core CPI, which omits food & energy, increases 0.2% in July. Also meets forecast. 12-month rise in CPI goes to 2.9% from …

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What To Expect From The Next CPI Inflation Report - Forbes

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Aug 7, 2024 · Release Timing. July’s Consumer Price Index inflation data will be released on August 14, 2024, at 8:30 a.m. ET. June’s headline CPI data saw -0.1% monthly price change …

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July CPI Report Forecasts: Inflation Softening Trend Intact, Despite ...

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Aug 12, 2024 · CPI report release date and time: Wednesday, Aug. 14 at 8:30 a.m. EDT; The CPI is forecast to rise 0.2% in July after declining 0.1% in June; Core CPI is forecast to rise 0.2% …

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FAQs about CPI report for July is out: What does latest data mean for the US Coupon?

What is the CPI report for July?

CPI report for July: Inflation stays mild, 2.9% annual pace is lowest since March 2021 Follow along to coverage of the consumer price index for July. Consumer price index shows inflation is still receding. Fed rate cut looks all but certain. PCE inflation gauge set for mild July increase. PCE inflation gauge set for mild July increase. ...

How did CPI rise in July?

CPI increased 2.9% year over year after rising by 3.0% the prior month. Core CPI climbed 3.2% from year-ago levels after increasing 3.3% in June. Food prices rose 0.2% in July after growing 0.2% in June. Food-at-home prices increased 0.1% over the month, while food-away-from-home (restaurant) prices rose 0.2%. ...

How much did the consumer price index rise in July?

Core CPI at 3.2% annual rate. The Bureau of Labor Statistics reported that the Consumer Price Index increased 2.9% in July from year-ago levels—a tick downward from June’s 3.0% rate. Core CPI, which excludes volatile food and energy costs, climbed 3.2% over the last 12 months after rising 3.3% in June. ...

What's going on with the July CPI inflation data?

"Overall, the underlying details of the July CPI inflation data are consistent with ongoing progress on disinflation. Although core services inflation trended higher on the month, other component-level trends are evolving in line with our expectations. In particular, rents and used car prices softened, alongside clothing and airfares. ...

How did core CPI perform in July?

Core CPI climbed 3.2% from year-ago levels after increasing 3.3% in June. Food prices rose 0.2% in July after growing 0.2% in June. Food-at-home prices increased 0.1% over the month, while food-away-from-home (restaurant) prices rose 0.2%. Energy prices were mixed overall after falling 2.0% the prior month. ...

Why did CPI drop in June?

Declines in used car prices as well as airfares helped to bring core CPI lower. In June, prices increased 0.2% for the month and 4.8% annually. President Joe Biden on Thursday said the latest CPI report shows the US economy “remains strong.” ...