US EditionCore inflation rate rose to 2.9% in July, as expected, key Fed measure shows
Tariffs imposed by the Trump administration contributed to rising costs, with core inflation increasing 0.1 percentage point to 2.9%, the highest since February, impacting Federal Reserve policy.
- In July, prices rose 2.6% compared to the previous year, matching June's annual increase.
- Core prices, excluding food and energy, increased by 2.9% year-over-year in July, the highest rate since February.
- Monthly consumer prices rose by 0.2% from June to July, lower than the previous month's increase of 0.3%.
- Fed Chair Jerome Powell indicated that the central bank is likely to cut its key rate in the upcoming meeting.
105 Articles
105 Articles
U.S. core inflation rises 2.9 pct in July
NEW YORK, Aug. 29 (Xinhua) -- U.S. core inflation, measured by the core personal consumption expenditures (PCE) price index excluding food and energy, rose 2.9 percent year-over-year in July, the highest level since February, the Bureau of Economic Analysis (BEA) reported Friday. Read full story
Sticky inflation, Fed drama and the rise of 'cute' debt
Core inflation rose to 2.9% in July, according to the latest PCE data — the Fed's preferred inflation gauge — marking its highest level in months. But despite stubborn inflation and falling consumer confidence, consumer spending continues to climb. Courtenay Brown at Axios and Jordyn Holman at The New York Times join "Marketplace" host Amy Scott to talk about the latest inflation numbers, and the court battle brewing between the White House and …
Monthly Inflation Slows Slightly in July, Feeding Fed Rate Cut Hopes
Inflation in July, as measured by the Federal Reserve’s favored gauge, inched lower on a monthly basis, fueling hopes of an interest rate cut when the central bank meets in September. The price index of the Personal Consumption Expenditures (PCE) index tends to be more influential on Fed decisions regarding interest rates than the widely-publicized Consumer Price Index (CPI). The PCE measures changes in the value of the goods and services purcha…
The underlying inflation was 2.9% per year in July, somewhat stable compared to June, according to the Department of Commerce's CPE index
PCE price index, a key inflation gauge, stayed steady in July
(NewsNation) — The Federal Reserve's preferred measure of inflation, the Personal Consumption Expenditures price index, rose as expected on Friday as Americans head into Labor Day weekend. The PCE price index was up 2.6% in July year-over-year, according to a Commerce Department report released Friday. That number is in line with price index forecasts and marks the same annual pace as June. When only "core" prices are considered — excluding vola…
Federal Reserve’s Preferred Inflation Measure Unchanged
The Federal Reserve’s preferred inflation gauge was unchanged in July, easing concerns that tariffs are reviving cost pressures. According to data released by the Bureau of Economic Analysis on Aug. 29, annual personal consumption expenditure (PCE) price index inflation was flat at 2.6 percent in July. Core PCE inflation, which strips out noisy signals from volatile energy and food components, ticked up to 2.9 percent year over year from 2.8 per…
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