In July, the consumer price index rose 2.7% on an annual basis, slightly cooled compared to economists.
In number
According to economists voted by the financial data firm factset, the CPI was expected to increase by 2.8% last month.
Depending on the month of one month, the CPI increased 0.2%, in line with economists forecasts.
CPI, a basket of goods and services, usually purchased by consumers, tracks the changes in prices over everyday objects such as food and apparel over time. So far this year, inflation has been 3% or less. June CPI Reading 2.7%.
The so -called core inflation, a remedy or CPI that increased 3.1% in the last 12 months, except for food and energy prices (which is more unstable), said the Bureau of Labor Statistics. Economists voted by the factset predicted an increase of 3% for that measure.
Last month, food prices rose 2.7% on an annual basis, which is the same as overall inflation rate. Items that have seen Large cost increases Last July includes eggs, which are up to 16.4%; Roasted coffee, more than 14.8%; And ground beef, which is 11.5%.
Meanwhile, gasoline prices fell 9.5% in July a year earlier in July, showing CPI data.
What do experts say about the effect of tariff
Economists are closely looking to determine how tariffs can trick through CPI data. For the first several months of the year, the effect appeared limited, but June reading Indicated that levy may begin to increase prices in some categories such as apparel, household items and equipment.
More than 60 countries and European Union goods are now subject to one New round of mutual tariff It came into force on 7 August.
During a call with the media yesterday, Elon Deitmister, an economist at UBS, said the investment bank hopes that consumers will start looking at the direct effects of tariffs earlier this year or early next year.
“It is possible that these tariff-inspired price growth are the one-time price level shocks that will begin to come in the beginning of the next year,” the deitymistor said. “We think they are going to be very permanent.”
