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- U.S inflation rose 0.2% in July, as expected
U.S inflation rose 0.2% in July, as expected
The Consumer Price Index increased 0.2 percent in July on a seasonally adjusted basis after rising 0.1 percent in June, the U.S.
Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 2.9 percent before seasonal adjustment.
The index for all items less food and energy rose 0.2 percent in July, the same increase as in May and June. Along with the shelter index, the indexes for used cars and trucks, airline fares, new vehicles, household furnishings and operations, and recreation all increased. The indexes for medical care and for apparel both declined in July.
The energy index fell 0.5 percent in July after declining 0.3 percent in June. The indexes for gasoline, natural gas, and electricity all declined modestly in July.
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