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Is inflation up in the U.S.?

Asked 19 hours ago

Answer

U.S. inflation remains above the Federal Reserve's 2% target, with July's annual CPI at 2.7% and core inflation at 3.1%. Market expectations suggest inflation could persist above target, driven by service sector price increases and wage pressures.

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CNBC

Consumer prices rise 2.7% annually in July

CNBC ยท Recent
CNBC
CNBC
Recent
  • Consumer Price Index rose 2.7% year-over-year in July, matching the previous month. 43s
  • Core inflation, excluding food and energy, was 3.1% year-over-year, slightly above expectations. 1m 4s
  • Market yields fell slightly and equity markets rose after the data release. 2m 1s
  • Recent inflation readings have been stable, with no significant acceleration in prices. 3m 9s
  • Analysts suggest the last phase of reducing inflation remains challenging but not extraordinary. 4m 30s
Economy

References

Consumer prices rise 2.7% annually in July
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CNBC
19 hours ago
Consumer prices rise 2.7% annually in July

The Consumer Price Index for July is up 2.7% year-over-year, matching the previous month.

Consumer prices rise 2.7% annually in July
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CNBC
19 hours ago
Consumer prices rise 2.7% annually in July

Core inflation is at 3.1% year-over-year, hotter than expected and above earlier readings.

Economist: Markets looking 'wobbly' on inflation expectations
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Bloomberg
20 hours ago
Economist: Markets looking 'wobbly' on inflation expectations

Market pricing suggests inflation expectations are significantly higher than the Fed's 2% target.

Economist: Markets looking 'wobbly' on inflation expectations
Icon
Bloomberg
20 hours ago
Economist: Markets looking 'wobbly' on inflation expectations

Markets expect inflation in 12 months to be 3.3%, well above the Fed's target.

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