U.S. July CPI Rises 3.4% Year-over-Year; Core CPI Hits Lowest Since March 2021 at 2.5%

U.S. July consumer price index rose 3.4% year-over-year, meeting expectations and down from 3.5% in June. Core CPI, which excludes volatile food and energy prices, increased 2.5% year-over-year, matching the lowest pace since March 2021 and also in line with forecasts, compared to 2.6% previously.

The data indicates that underlying inflation pressures remain moderate in the U.S. economy for July.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate US. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate US does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments involve high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments