this post was submitted on 12 Aug 2025
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US inflation unexpectedly held steady at 2.7% in July (www.ft.com)
submitted 1 month ago by kebab@endlesstalk.org to c/news@endlesstalk.org
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https://archive.ph/newest/https://www.ft.com/content/74c1efc2-ae2a-4a67-8cae-d4f518ed105a

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[–] Fermion@mander.xyz 3 points 1 month ago

This article presents incomplete information. Overall CPI held steady at 2.7%, but core CPI which excludes food and energy costs because of their volatile nature, hit a 6 month high of 3.1%. Total CPI was suppressed by falling fuel prices and moderate food increases. So we should expect to see overall CPI tick up in subsequent months as fuel prices level off.