Consumer prices rise 3.2% in July as inflation slowdown stalls

The most recent data from the Bureau of Labor Statistics, released on Thursday morning, indicates that consumer prices experienced a swifter year-over-year upswing in July compared to the previous month’s annual surge.

In July, the Consumer Price Index (CPI) saw a 3.2% rise from the prior year, displaying a slight uptick from June’s 3% yearly growth, Yahoo Finance reported.

Prices climbed 0.2% in July compared to the previous month, aligning with the 0.2% month-over-month increase noted in June.

Both of these metrics closely matched the predictions of economists, as per Bloomberg’s data.

READ MORE: https://finance.yahoo.com/news/inflation-consumer-prices-rise-32-in-july-as-inflation-slowdown-stalls-123122066.html

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