INFLATION HELD STEADY AT 2.7% IN JULY

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Key Points:

  • The Consumer Price Index (CPI) rose 0.2% in July, after rising 0.3% in June.
  • CPI increased 2.7% from a year ago, same reading as June, and below 2.8% expectations.
  • The index for shelter rose 0.2%, the index for food was unchanged, and the energy index fell 1.1% over the month.
  • The index for food at home fell 0.1% and food away from home rose 0.3%.
  • The core CPI, which excludes food and energy, rose 0.3% in July and is up 3.1% from the previous year.
  • The energy index is down 1.6%, the food index is up 2.9%, and shelter is up 3.7% from the previous year.
  • The Right Facts will continue to monitor CPI.