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US July CPI report expected to show inflation accelerated amid tariff pressures
July's Consumer Price Index (CPI) is expected to show prices rose at a faster clip annually compared to June. The report, due Tuesday at 8:30 a.m. ET, comes as investors stay alert to how much President Trump’s tariffs are starting to affect consumer costs. According to Bloomberg data, headline CPI is expected to have increased 2.8% year over year in July, up from a 2.7% rise in June. On a monthly basis, prices are forecast to increase 0.2%, a slight slowdown from June’s 0.3% gain, driven by lower gasoline prices and expectations of moderately softer food inflation. On a "core" basis, which strips out volatile ... (full story)
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The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis in July, after rising 0.3 percent in June, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.7 percent before seasonal adjustment. The index for shelter rose 0.2 percent in July and was the ...
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