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 inflation surge of ...

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

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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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July US CPI Report Shows Inflation At A 2.9% Annual Rate

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Aug 14, 2024 · With the July CPI report, the annual inflation rate was at its lowest since March 2021. The CPI rose 0.2% in July from month-ago levels after falling 0.1% in June. Core CPI …

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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 Data Shows Inflation Edges Higher In July - USA TODAY

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Aug 10, 2023 · On a monthly basis, prices rose a modest 0.2% following a similar increase in June. Still, the report points to a more gradual descent in inflation in the months ahead.

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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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Consumer Prices Rose By 3.2% Annually In July, Picking Up For The …

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Aug 10, 2023 · The Consumer Price Index rose 3.2% for the year through July, up from June’s 3% annual increase, according to data released Thursday by the Bureau of Labor Statistics. ...

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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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US CPI July Data Highlights: US Consumer Prices Increase As

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Aug 14, 2024 · Wednesday’s consumer price index data release for July is likely to show a rise of 0.2% month over month, according to economists surveyed by Dow Jones. In June, CPI …

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July CPI Report Sets The Stage For Fed Rate Cut In September

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Aug 14, 2024 · The CPI rose 2.9% in July compared with a year ago and 0.2% compared with June, according to data released Wednesday by the Bureau of Labor Statistics. Those figures …

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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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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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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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U.S. Consumer Price Inflation Surprises To Downside In July

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Aug 10, 2022 · The U.S. consumer price index was unchanged in July, the Labor Department said Wednesday, a much slower pace compared with the 1.3% gain in the prior month.

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December CPI Blog: Updating Our Housing Model | CEA - The …

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Dec 11, 2024 · Today’s CPI report came in at expectations, as both headline and core inflation were 0.3% in November. On a yearly basis, headline and core inflation were 2.7% and 3.3%, …

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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. ...

Will July's CPI report be'so-so'?

The trend in inflation is critical to the Fed’s willingness to cut rates, but monthly readings are volatile. After two good months for inflation in May and June, July’s CPI report is expected “to be so-so,” according to José Torres, senior economist at Interactive Brokers. Torres’ numbers are in line with what seems to be the consensus. ...

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. ...

How did CPI perform in June 2024?

Source: Bureau of Labor Statistics. Data as of Jul 31, 2024. CPI climbed 0.2% for the month after falling 0.1% in June. Core CPI rose 0.2% after growing by 0.1% in June. 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. ...