US inflation rises 2.7% annually in July, less than expected amid tariff worries

Inflation up only slightly in July over last year

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.

Across regions and sectors, inflation zigs and zags

Ever read past the top line of the consumer price index? That 2.7% inflation rate varies a lot by metro area. The same goes for goods categories. So why is inflation higher in San Diego than Dallas? And higher for baby clothes and than electronics? We explain. Also in this episode: Long-term unemployment rises as hiring slows, businesses grow weary of waiting for tariff clarity, and we talk to Cheryl McKissack Daniel, CEO of the country's larges…

Inflation 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.

Investors anticipate rate cuts

NEW YORK — The U.S. stock market rallied to records Tuesday after data suggested inflation across the country was a touch better last month than economists expected.

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…