https://www.bls.gov/news.release/cpi.nr0.htm
Consensus forecast (per CNBC) was for 0.2% MoM, 3.0% YoY, so actual figures surprised slightly on the low side.
Core CPI (all items less food and energy) rose 0.2% MoM, 3.2% YoY (compared with 0.1% MoM, 3.3% YoY in June).
Consensus forecast (per CNBC) for core CPI was 0.2% MoM, 3.2% YoY, so actual figures matched expectations.
Posted by JeromesNiece
6 Comments
> **The index for shelter rose 0.4 percent in July, accounting for nearly 90 percent of the monthly increase
in the all items index.** The energy index was unchanged over the month, after declining in the two
preceding months. The index for food increased 0.2 percent in July, as it did in June. The food away from
home index rose 0.2 percent over the month, and the food at home index increased 0.1 percent.
Jerome please my ~~family~~ RSUs are starving
We’re so back
Seems like a good, but not incredible report. Housing costs are still the biggest driver of inflation, which the fed isn’t helping by keeping rates high, and insurance costs continue to rise.
Sub 3% headline is nice, we should see a bigger drop in the next two months as the Sept and Oct prints were pretty high last year.
Where’s the Kamala Crash?!?!?!?
Good print