- Analytics
- News and Tools
- Market News
- US consumer prices rise less than expected in July
US consumer prices rise less than expected in July
The Labor Department reported the U.S. consumer price index (CPI) increased 0.1 percent m-o-m in July after flat performance in May. Over the last 12 months, the CPI rose 1.7 percent y-o-y last month after advancing 1.6 percent y-o-y in the prior month. Economists had forecast the CPI to gain 0.2 percent m-o-m last month and 1.8 percent y-o-y in the 12-month period.
According to the report, the indexes for shelter (+0.1 percent m-o-m), medical care (+0.4 percent m-o-m), and food (+0.2 percent m-o-m) all rose in July, while the energy index (-0.1 percent m-o-m) declined slightly in July, recording its third consecutive monthly decline.
Core CPI excluding volatile food and fuel costs increased 0.1 percent m-o-m in July, the same as in June. In the 12 months through July, the core CPI rose 1.7 percent after gaining 1.7 percent in the year through June. Economists had forecast the core CPI to rise 0.2 percent m-o-m and 1.8 percent y-o-y last month.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
