US headline inflation is cooling while energy inflation stays at 14.7%:
US consumer prices rose 0.1% in July after falling 0.4% in June. Annual CPI slowed to 3.4% from 3.5%, while core CPI slowed to 2.5% from 2.6%.
Core CPI strips out food and energy to show underlying price pressure. It rose 0.2% in July.
Energy prices fell 1.5% during the month but were still 14.7% higher than a year earlier. Shelter inflation, by comparison, was 3.2% year over year.
The July release matched consensus estimates. Treasury yields barely moved: the 10-year sat at 4.69%, the 2-year at 4.203%, and the 30-year at 5.254% after the data.
Underlying US inflation is easing, but energy remains the outlier.
Sources: U.S. Bureau of Labor Statistics, CNBC
Bureau of Labor Statistics
U.S. Bureau of Labor Statistics
The Bureau of Labor Statistics is the principal fact-finding agency for the Federal Government in the broad field of labor economics and statistics.
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