Inflation Still Contained

This morning’s CPI report showed that inflation rose by 0.17% in July. That’s still tame.

In the last year, the CPI is up 2.89%. That’s the most in more than six years, but most of that increase came more than six months ago.

Core inflation rose by 0.24% in July. In the last year, it was up 2.33%. That’s the highest year-over-year number in 10 years, but it’s still not far from the average.

Posted by on August 10th, 2018 at 9:46 am


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