Consumer prices rise 2.7% on the year

The markets will now be most certainly expecting an interest rate cut next month after today’s brand new inflation read. The Consumer Price Index is in line with expectations.

The CPI for July came in at 0.2 percent, which is exactly what the markets were expecting. On the year, it landed at 2.7 percent, which is one-tenth below what analysts were preparing for.

Numbers show shelter costs were the largest contributor to inflation last month.

LATEST STORIES BY THIS AUTHOR:

“Cow goggles” are helping farmers experience cattle vision in real time, offering new tools to reduce stress, improve movement, and enhance livestock management.
Fewer interruptions could translate to improved efficiency—and fewer costly delays when timing matters most.
Faster approvals could speed projects, but may face scrutiny.
Data centers may compete with farms for key resources.
Catch the double-episode premiere of Prairie Prophets, Tuesday night at 9 PM ET on RFD Network and RFD+
This Final Rule adopts the changes introduced in the Interim Final Rule, consolidating seven agency-specific NEPA regulations into a single, department-wide framework, reducing the overall volume of regulations by 66 percent.