July CPI is 3.4%

CPI of 3.4% was in line with expectations and a small decrease vs last month’s 3.5%. The monthly change was 0.1% and as usual, was driven by shelter which accounted for two-thirds of the rise. Core CPI of 2.5% was also in line with estimates and slightly below last month’s 2.6%. The monthly change of … Read more

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