U.S Consumer Prices Rose Slightly in July

  • U.S July Consumer Prices +0.1%; Consensus +0.2%
  • US Jul CPI Ex-Food & Energy +0.1%; Consensus +0.2%
  • US Jul Consumer Prices Increase 1.7% From Year Earlier; Core CPI Up 1.7% Over Year
  • Data this morning showed that U.S inflation remained subdued in July, extending a slowdown this year.

    The consumer-price index increased +0.1% in July m/m, excluding the often-volatile categories of food and energy, core-prices also rose +0.1%.

    Market consensus was expecting the overall and core prices to both advance +0.2% on the month.

    From a year earlier, overall consumer prices climbed +1.7%, as did core prices.

    The Fed’s preferred measure of inflation, the price index for personal-consumption expenditures, was unchanged in June from the prior month, the second straight flat reading. It was up +1.4% in June from a year earlier and has dropped for four consecutive months on an annual basis, from +2.2% in February.

    Note: The consumer-price index tends to run a little bit higher than the personal-consumption index, reflecting different methods for calculating inflation.

    This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

    Dean Popplewell

    Dean Popplewell

    Vice-President of Market Analysis at MarketPulse
    Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
    Dean Popplewell