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What is the latest US inflation data?

Asked 11 hours ago

Answer

The latest US inflation data shows the annual Consumer Price Index (CPI) rose by 2.7% in July, with core inflation excluding food and energy at 3.1%. Energy prices have declined, helping to keep overall inflation steady. Certain sectors like groceries and car insurance have seen higher increases.

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CBS America

What the latest CPI data says about tariff impact

CBS America ยท New
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  • Consumer prices increased slightly, but most tariff costs are still absorbed by businesses. 8s
  • Inflation held steady at 2.7%, with core inflation at 3.1%. 30s
  • Federal Reserve is expected to consider an interest rate cut at its next meeting. 49s
  • Prices for groceries, medical care, used cars, and insurance have all risen over the past year. 1m 17s
  • President Trump nominated E.J. Antoni to lead the Bureau of Labor Statistics, following the firing of the previous director. 1m 50s
Economy

References

What the latest CPI data says about tariff impact
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CBS America
12 hours ago
What the latest CPI data says about tariff impact

Inflation held relatively steady, another 2.7%. Core inflation went up 3.1%, the metric the Federal Reserve cares about.

The affordability crisis facing first-time homebuyers
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CBS America
12 hours ago
The affordability crisis facing first-time homebuyers

The annual inflation rate came in at 2.7 percent. When you strip out food and energy, the inflation rate was actually above 3 percent.

Trump demands Powell cut interest rate
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CBS America
18 hours ago
Trump demands Powell cut interest rate

We came in at 2.7 percent. That is the annual headline Consumer Price Index number. Core inflation hit 3.1 percent.

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

Year-over-year numbers, 2.7. That's the headline. 3.1% on the year-over-year core, definitely hotter than expected.

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