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July CPI rises 3.4% year-over-year…slight moderation despite energy shock

The New York Times +1 ·

  1. 1The July Consumer Price Index (CPI) rose 3.4% year-over-year, marking a slight moderation from June's 3.5% and in line with market expectations
  2. 2On a monthly basis, the index rose 0.1%, while core inflation climbed 2.5% year-over-year and 0.2% month-over-month
  3. 3With inflation matching expectations, the Fed is expected to be divided over a September rate hike, and the market sees the odds of a 25bp increase at roughly 50-50

This 3-line summary is compiled from the report below.

The New York Times +1 View original ↗
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