Inflation Accelerates Amid Trade Tensions and Rising Costs
TL;DR Summary
A key measure of consumer prices excluding food and energy rose in July, indicating rising inflation possibly influenced by Trump's tariffs, with the core CPI increasing 0.3% and 12-month growth at 3.1%, amid ongoing debates about data integrity and Federal Reserve rate cuts.
Topics:business#bureau-of-labor-statistics#consumer-price-index#economy#inflation#interest-rates#trump-tariffs
- Key inflation gauge rises as Trump trade war weighs on economy Axios
- CNBC Daily Open: Will the other shoe drop when it comes to U.S. inflation? CNBC
- Consumer prices rose 2.7% in July. See how your grocery item prices have changed over the past year WCVB
- Inflation remained stubborn in July as energy and food offset increases elsewhere NBC News
- Tariff-driven inflation accelerating with ‘worst yet to come,’ AEI’s Michael Strain says PBS
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