After falling 0.2 percent in June, the Consumer Price Index rose 0.5 percent in July, according to the latest Bureau of Labor Statistics reports on the consumer price, US import/export price and producer price indexes. Over the last three months, headline inflation has run at a 1.8 percent annualized rate, compared with 6.2 percent from January to April. Leaving out food and energy, consumer prices rose 0.2 percent last month and have grown at a 3.1 percent annualized rate since April.

Energy prices rebounded again, driving up the overall rate of inflation. However, there is not much to be made of this volatility.  Energy prices rose 2.8 percent in July, but have fallen at a 10.4 percent annualized rate over the last three months.

For more, check out our latest Prices Byte.

Leave your comments

Post comment as a guest

0
  • No comments found

GuideStar Exchange Gold charity navigator LERA cfc IFPTE

contact us

1611 Connecticut Ave., NW
Suite 400
Washington, DC 20009
(202) 293-5380
info@cepr.net

let's talk about it

Follow us on Twitter Like us on Facebook Follow us on Tumbler Connect with us on Linkedin Watch us on YouTube Google+ cepr.net rss feed