Economists differ after US CPI rises by 0.5% in July

11 August 2021

 

Summary: US CPI increases by 0.5% in July, in line with expectations; “core” rate up 0.3%, less than expected figure; some moderation but “pace remains strong”; “much of re-opening pressure now abated”; “Services less energy services” category main driver of headline rise; New York Fed Reserve July UIG posts annual rate of 3.7%. The annual rate of US inflation as measured by changes in the consumer price index (CPI) halved...

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