CONSUMER PRICES UP 0.5% IN JULY, 5.4% IN LAST YEAR

!function(e,i,n,s){var t=”InfogramEmbeds”,d=e.getElementsByTagName(“script”)[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement(“script”);o.async=1,o.id=n,o.src=”https://e.infogram.com/js/dist/embed-loader-min.js”,d.parentNode.insertBefore(o,d)}}(document,0,”infogram-async”);

Key Points:

  • The Consumer Price Index (CPI) increased 0.5% in July after rising 0.9% in June.
  • This was the largest 1-month change since June 2008 when the index rose 1.0%.
  • CPI increased 5.4% from a year ago, the same reading as June and the largest 12-month increase since August 2008.
  • The core CPI, which excludes food and energy, rose 0.3% in July and is up 4.3% from the previous year.
  • The energy index is up 23.8% and the food index is up 3.4% from the previous year.
  • The Right Facts will continue to monitor CPI.
Source