US Edition
Government’s Inflation Number Rose Less Than Expected
- 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.
182 Articles
182 Articles
Tulsa World
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…
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 Virginia Star
by Caroline Boda 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%. Since a universal 10% tariff was implemented in April, econo…
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