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CNBC

Consumer prices rise 2.7% annually in July

CNBC · Older
CNBC
CNBC
Older

CNBC's Rick Santelli joins 'Squawk Box' to break down the July CPI data, which came in less than expected amid tariff worries.

Breakdown
  • 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
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Global Tariffs

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.