US EditionUS inflation rises 2.7% annually in July, less than expected amid tariff worries
- On Tuesday, the U.S. Bureau of Labor Statistics reported consumer prices rose 2.7% in July, matching June and up from 2.3% in April.
- Analysts note the average tariff level has climbed to nearly 18%, the highest since the early 1930s, while gasoline prices fell 2.2% from June to July.
- Excluding food and energy, core CPI rose 3.1%, up from 2.9% in June, while July prices increased 0.2% and core prices 0.3%.
- Investors saw CME's FedWatch tool indicate a 92.2-percent chance of a quarter-point cut at the Fed's next policy meeting in September, causing stocks to rise after the data release.
- Looking ahead, economists warn consumers will likely absorb more costs in the coming months as Trump finalizes tariffs.
178 Articles
178 Articles
The Billings Gazette
Bismarck TribuneInflation up only slightly
WASHINGTON — U.S. inflation was unchanged in July as rising prices for some imported goods were balanced by falling gas and grocery prices, leaving overall prices modestly higher than a year ago.
Key Takeaways From July’s Consumer Price Index Report
The closely watched Consumer Price Index rose less than expected in July, and President Donald Trump’s tariffs had little impact on the overall data, says a top U.S. economist. According to the Bureau of Labor Statistics, the headline annual inflation rate held steady at 2.7 percent and rose at a seasonally adjusted pace of 0.2 percent for the month. Economists penciled in readings of 2.8 percent and 0.2 percent, respectively. Core inflation, ho…
Inflation Holds Steady amid Trade War Threats - The Pennsylvania Daily Star
As President Donald Trump’s tariff policies come into effect, July’s Consumer Price Index showed overall consumer prices rose 2.7% annually, slightly lower than forecasted by economists. The CPI measures changes in price of everyday consumer goods like groceries and clothes over time. July’s CPI rose 0.2% on a monthly basis since June’s reading which came in at 2.7%. The post Inflation Holds Steady amid Trade War Threats appeared first on The Pe…
US inflation ticks down to 2.7% in July US inflation ticks down to 2.7% in July
The latest data from the US Bureau of Labor Statistics (BLS) shows that inflation in the United States slowed slightly in July, with the Consumer Price Index (CPI) rising by 0.2% on a seasonally adjusted basis. Over the past 12 months, the CPI increased by 2.7%, slightly below June’s figure of 2.8%. Those figures surpassed economists’ expectations. Most analysts forecasted a modest increase of 0.2% for July, with the annual rate remaining at 2.8…
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