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US inflation slows in July as consumer and producer price pressures ease
U.S. inflation showed signs of cooling in July, with the Consumer Price Index (CPI) rising 3.4% annually, down from 3.5% in June. On a monthly basis, prices increased by just 0.1%. Core inflation, which excludes volatile food and energy costs, also eased to 2.5% annually, down from 2.6% in June.
Producer-side inflation also moderated, with the Producer Price Index (PPI) for final demand remaining flat month-over-month. The annual PPI rate slowed to 4.7% in July, compared to 5.5% in June. While energy and gasoline prices have helped ease headline figures, certain sectors like food remain expensive; for instance, beef prices have risen 12% over the past year.
These cooling figures have influenced market expectations regarding the Federal Reserve's next moves. Interest-rate swaps currently suggest a roughly 60% probability that the Fed will maintain current interest rates during its September meeting. However, officials remain cautious, noting that geopolitical tensions in the Middle East and potential disruptions in the Strait of Hormuz could impact energy prices and future inflation trends.
Entities
Beth Hammack · Bureau of Labor Statistics · Chicago Mercantile Exchange · Department of Labor · Donald Trump · FactSet · Federal Open Market Committee · Federal Reserve · Iran · Jackson Hole · Kevin Warsh · Labor Department
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 16 SOURCES] Core inflation is projected to decrease to 2.5% annually. mymotherlode.com · www.washingtonexaminer.com · vinnews.com · www.btc-echo.de · ethnews.com · +3 more
- [● 3 SOURCES] Gasoline prices averaged $4.064 a gallon in July. jack1065.com · wsau.com
- [● 7 SOURCES] The probability of a Federal Reserve interest rate hike next month is approximately 40% to 50%. www.euronews.com · wixx.com · mix929.com · wdez.com · zpravy.kurzy.cz · +1 more
- [● 2 SOURCES] Federal Reserve Chair Kevin Warsh has emphasized lowering inflation but has not clearly stated if he is willing to raise rates if necessary. www.washingtonexaminer.com
- [● 19 SOURCES] The July Consumer Price Index (CPI) is expected to show a 3.4% annual increase. jack1065.com · mymotherlode.com · www.washingtonexaminer.com · www.finanznachrichten.de · vinnews.com · +5 more
- [● 17 SOURCES] The monthly CPI is expected to rise by 0.1% in July. jack1065.com · mymotherlode.com · www.washingtonexaminer.com · vinnews.com · www.btc-echo.de · +4 more
- [● 3 SOURCES] The U.S. position as a net oil exporter has cushioned the economy from oil price shocks caused by Middle East conflicts. jack1065.com · wsau.com
- [● 20 SOURCES] Core CPI is expected to rise 0.2% month-over-month. mymotherlode.com · www.washingtonexaminer.com · vinnews.com · www.btc-echo.de · ethnews.com · +6 more
- [● 16 SOURCES] The annual headline inflation rate in the United States fell to 3.4% in July. www.washingtonexaminer.com · www.finanznachrichten.de · vinnews.com · jack1065.com · biznis.rs · +5 more
- [● 8 SOURCES] The monthly consumer price index rose by 0.1% in July. www.washingtonexaminer.com · vinnews.com · dailytorch.com · www.diningandcooking.com · wtop.com · +2 more
- [● 15 SOURCES] Monthly consumer inflation rose by 0.1% in July. dailytorch.com · www.aljazeera.com · vinnews.com · biznis.rs · weisradio.com · +5 more
- [● 2 SOURCES] Meat and milk prices each rose by more than 5% over the year ending in July. weisradio.com · www.kmaland.com